Definition of Tax Rate Percentage

Tax Rate Percentage means the highest marginal U.S. federal income tax rate (expressed as a percentage) payable by a U.S. corporation in effect for the applicable taxable year (which shall be the taxable year of utilization in the case of a net operating loss or a net capital loss).
Sample 1

Examples of Tax Rate Percentage in a sentence

After Tax Rate Percentage means the percentage equal to 100 minus the combined federal and provincial rate of Tax payable by the Company in the year in which the refundable investment tax credits received by the Company in the immediately preceding year must be included in income for purpose of the Tax Act and the Corporations Tax Act (Ontario).