Minimum Tax definition

Minimum Tax means, with respect to any Option, Restricted Stock or other equity incentive award, the minimum amount of income and employment taxes required to be withheld under applicable laws and regulations in respect of the vesting, exercise or other taxable event associated with such award.
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Examples of Minimum Tax in a sentence

  • If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis.

  • The Company also has Alternative Minimum Tax (“AMT”) credit carryforwards of $110 thousand and $60 thousand for federal and state purposes, respectively.

  • Section 506 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 requires our firm, as tax return preparers, to conform to a higher standard than the taxpayer when an undisclosed tax position is related to a tax shelter as defined in IRC §6662(d)(2)(C)(ii), Imposition of Accuracy-Related Penalty on Underpayments, or a reportable transaction to which IRC §6662A, Imposition of Accuracy-Related Penalty on Understatements with Respect to Reportable Transactions, applies.

  • The United States shall allow a credit against the Alternative Minimum Tax (AMT) for taxes paid to Turkey.

  • Minimum Tax Distributions and all factors relevant to the determination thereof shall be determined on a consolidated basis with the Partnership's subsidiaries.

  • The federal income tax liability of each Subsidiary shall be determined pursuant to the principles used to determine earnings and profits under Code §1552(a)(2) and Treasury Regulation §1.1.502-33(d)(3) using a fixed percentage of one hundred, but without regard to the provisions of Code §55 (Alternative Minimum Tax).

  • Municipal securities subject to the Alternative Minimum Tax Calculation are permissible.

  • The federal income tax liability of each Subsidiary shall be determined pursuant to the principles used to determine earnings and profits under Code §1552(a)(2) and Treasury Regulation §1.1502-33(d)(3) using a fixed percentage of one hundred, but without regard to the provisions of Code §55 (Alternative Minimum Tax).

  • In addition, any Minimum Tax Distributions for a current Fiscal Year shall be reduced by any other distributions made to a Partner with respect to its Common Partnership Interest but shall not be reduced for distributions, if any, made with respect to a Partner's Preferred Partnership Interest.

  • If the total of the tentative allocations is less than the consolidated minimum tax credit utilized, the difference between the consolidated minimum tax credit utilization and the total of the tentative allocations shall be allocated to each Group Member in proportion to that Group Member's remaining Minimum Tax Credit Carryforward to the combined total of such carryforwards.

Related to Minimum Tax

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • input tax , in relation to a vendor, means—