Definition of PMIT


PMIT means PennyMac Mortgage Investment Trust.
Sample 1

Examples of PMIT in a sentence

PMIT shall maintain profitability of at least $1.00 in Net Income for at least one of the two prior Test Periods.
This tax will only be paid if the IT determined for any fiscal year does not equal or exceed the amount owed under the PMIT.
On the other hand, if the PMIT exceeds the IT owed in the same fiscal year, only the difference shall be paid as PMIT.
Any PMIT paid will be applied as a credit toward IT owed in the immediately following ten fiscal years.
Presumed Minimum Income Tax The tax on presumed minimum income (the PMIT) is levied on the potential income from the ownership of certain income-generating assets.