Income Tax Adjustment definition

Income Tax Adjustment means any change in any Income Tax Item, whether resulting from a Tax Proceeding or an Adjustment Request; provided, however, that a claim for refund resulting from a carryback of a loss, credit or other Tax Attribute in a Post-Distribution Taxable Period to a Pre-Distribution Taxable Period or a Straddle Taxable Period is not an Income Tax Adjustment.
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Income Tax Adjustment means the total net amount of the tax refunds or actual reduction in Taxes realized by the Company after taking into account all correlative adjustments and Tax increases or decreases relating to such amendments, including Tax increases or decreases in taxable periods ending after the Closing Date (with any reduction in Tax attributes being treated as a Tax increase) resulting from the amendments to the income Tax Returns of the Company for the taxation years ended December 31, 2007, December 31, 2008 and December 31, 2009, as determined under the procedures set forth in Sections7.2 and 7.3 of this Agreement.
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Income Tax Adjustment means (i)(A) the Option Tax Benefit, less the Available Net Operating Loss Carryover, times (B) 39.2%, minus (ii) Available Income Tax Refunds; provided that if the Income Tax Adjustment is a negative amount, it shall be treated as $0.
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Examples of Income Tax Adjustment in a sentence

  • The undersigned parties hereby state their support for a filing by PSE&G requesting a separate generic Board proceeding within sixty (60) days of issuance of a written final Board Order in this proceeding to address issues on a state-wide basis, relating to a Consolidated Income Tax Adjustment.

  • This issue was considered by the Ministerial Council who sought advice from the Australian Health Ministers’ Advisory Council (AHMAC).

  • The method for the calculation of the Provisions for Income Tax Adjustment is set out in Schedule 7.

  • Projects Energy Trading Corporate & Other R or d E r ings $711 $434 $110 $57 ($6) $38 $52 $26 Michigan Corporate Income Tax Adjustment (87) - - - - - - (87) Fermi 1 Asset Retirement Obligation 9 9 - - - - - - Operating Earnings $633 $443 $110 $57 ($6) $38 $52 ($61) Net Income ($ millions) 2011 DTE Energy Electric Utility Gas Utility Gas Storage & Pipelines Unc.

  • Rider 36 – Variable Income Tax Adjustment (Rider VITA)...................

  • See also ATC, Rate Formula Template, page 3, line 24a, “Excess Deferred Income Taxes (enter negative),” and line 26a, “Excess Deferred Income Tax Adjustment”; DATC, Attachment O Template as approved in Docket No. ER12-1593-000, page 3, line 38, “Excess Deferred Income Taxes” and line 42, “Excess Deferred Income Tax Adjustment.

  • Please refer to Information Sheet: Personal Income Tax Adjustment Process (DE 231W) for additional information.

  • You may at your option but at my/our risk and responsibility in all respects, appoint an agent, who shall be my/our agent to collect.

  • AIC_ADIT_2019_True-Up_6-1-20 (“ADIT Worksheet”) shows that the amount of $13,463,566 was credit in 2019, whereas WP21 of Attachment O Income Tax Adjustment shows the Reversal Excess Deferred amount of$13,331,225.

  • Tax Expenses - Current 6.97 - Mininimum Alternate Tax 725.36 - MAT credit entitlement (903.03) - Deferred 1,003.38 - Income Tax Adjustment (Earlier year tax written back) (649.45)183.23IX.

Related to Income Tax Adjustment

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Basis Adjustment means a Purchase Basis Adjustment or an Exchange Basis Adjustment.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.