Consolidated Federal Tax definition

Consolidated Federal Tax means the Federal Income Tax liability of a Consolidated Group determined on a consolidated basis.
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Consolidated Federal Tax means the consolidated Federal Tax liability of the CVS Consolidated Group for any period as to which a consolidated Federal Tax Return was or is filed by CVS or Melville, or any successor to either, for such group.
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Consolidated Federal Tax means any Federal Tax, the return for which includes Tax Items of both the Marathon Stock Group and the United States Steel Stock Group.
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Examples of Consolidated Federal Tax in a sentence

  • Each Member whose federal Tax Credits were utilized on the Consolidated Federal Return shall receive the amount by which Members with Federal Taxable Income have had their allocable portion of the Consolidated Federal Tax reduced as a result of such federal Tax Credit or, if applicable, the carryover of such federal Tax Credit.

  • Any federal Tax Credits allowable in the computation of Consolidated Federal Tax shall be allocated to those Members whose activities generated the federal Tax Credits utilizing the ordering rules of Code Section 38 or any successor statute.

  • Each Member that has a federal Net Operating Loss shall receive the amount by which Members with Federal Taxable Income have had their allocable portion of the Consolidated Federal Tax reduced as a result of such federal Net Operating Loss or, if applicable, the carryover of such federal Net Operating Loss.

  • This Agreement will be effective for the Consolidated Federal Tax and the Consolidated State Tax reflected on any Consolidated Federal Return or Consolidated State Return for Taxable Periods ending on or after December 31, 2022.

  • Each Member that has a federal Net Long-Term Capital Loss shall receive the amount by which the Members with federal Net Long-Term Capital Gains have had their allocable portion of the Consolidated Federal Tax reduced as a result of such federal Net Long-Term Capital Loss or the carryover of such federal Net Long-Term Capital Loss.

  • Except as otherwise provided herein, Consolidated Federal Tax shall be allocated among the Members in such a manner that each Member, except for Southern, shall be allocated an amount of Consolidated Federal Tax approximately equal to such Member’s federal Separate Return Tax Liability.

  • If Consolidated Federal Tax is zero as a result of the use of federal Net Operating Losses of more than one Member, the federal Corporate Tax Benefit will be equitably allocated among the Members that generated federal Net Operating Losses on the basis of the relative utilization of such federal Net Operating Losses on the Consolidated Federal Return.


More Definitions of Consolidated Federal Tax

Consolidated Federal Tax means the Federal Income Tax liability of a Consolidated Group determined on a consolidated basis. "Consolidated Group" means a group of one or more Affiliated Companies that files a Consolidated Return.
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Consolidated Federal Tax means the United States federal income tax liability for a Taxable Period, as reflected on the Consolidated Federal Return and any Adjustments thereto thereafter determined.
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Consolidated Federal Tax means the consolidated Federal Tax liability of the Xxxxxx Oil Consolidated Group for any period as to which a consolidated Federal Tax Return is filed by Xxxxxx Oil for such group.
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Consolidated Federal Tax means the consolidated Federal Tax liability of the Melville Consolidated Group for any period as to which a consolidated Federal Tax Return was or is filed by Melville, or any successor thereto, for such group. "Consolidated State Tax" shall mean with respect to each State, any income or franchise Tax payable with respect to a group of at least two corporations, other than a Unitary State Tax.
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Related to Consolidated Federal Tax

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • After-imposed Federal tax means any new or increased Federal excise tax or duty, or tax that was exempted or excluded on the contract date but whose exemption was later revoked or reduced during the contract period, on the transactions or property covered by this contract that the Contractor is required to pay or bear as the result of legislative, judicial, or administrative action taking effect after the contract date. It does not include social security tax or other employment taxes.

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Return means a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Consolidated Liabilities means the sum of (i) all liabilities that, in accordance with GAAP, should be classified as liabilities on a consolidated balance sheet of Borrower and its Consolidated Subsidiaries and the Guarantors, and (ii) to the extent not included in clause (i) of this definition, all Redeemable Preferred Stock.

  • consolidated basis means on the basis of the consolidated situation;

  • After-relieved Federal tax means any amount of Federal excise tax or duty, except social security or other employment taxes, that would otherwise have been payable on the transactions or property covered by this contract, but which the Contractor is not required to pay or bear, or for which the Contractor obtains a refund or drawback, as the result of legislative, judicial, or administrative action taking effect after the contract date.

  • Agreement combined tax rate means the sum of the tax rates:

  • Consolidated Fund means the Consolidated Fund established by this Constitution;

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Consolidated Net Interest Expense means, for any period with respect to the Company and its Subsidiaries, interest expense minus capitalized interest and interest income for such period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Consolidated Interest Charges means, for any period, for the Consolidated Group, all interest expense, including the amortization of debt discount and premium, the interest component under capital leases and the implied interest component under Securitization Transactions, in each case on a consolidated basis determined in accordance with GAAP.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP applied on a consistent basis.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.