Franchise Tax Liability definition

Franchise Tax Liability means any Tax imposed by a state on SM Energy’s or any of its Affiliates’ gross or net income and/or capital for the privilege of engaging in business in that state that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in the Assets.
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Franchise Tax Liability means any tax imposed by a state on Seller’s or any of its Affiliate’s gross or net income and/or capital for the privilege of engaging in business in that state that was or is attributable to Seller’s or any of its Affiliates’ ownership of an interest in the Conveyed Interests.
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Franchise Tax Liability means any Tax imposed on SM’s or any of its Affiliates’ gross or net income, gross margin and/or capital for the privilege of engaging in business that was or is attributable to SM’s or any of its Affiliates’ ownership of an interest in the Assets.
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Examples of Franchise Tax Liability in a sentence

  • RTP shall assume responsibility for, and shall bear and pay, all Income Tax Liability or Franchise Tax Liability incurred or imposed on RTP with respect to the ownership of the RTP Assets or imposed on or with respect to any Tax Partnership an interest in which is a RTP Asset through the Closing Date and the transactions described in this Agreement.

  • The use of confidence intervals as the basis for a discussion in a Bayesian spirit is (approximately) justified by the interpretation of the confidence intervals as Bayesian intervals, although this is rarely made explicit.6In addition, identication issues may arise, for example, from lack of random- ization, or via uncertainty about differences between the study population and the target population, or uncertainty about differences between the future and the past.

  • Table 1.10S Corporation Net Franchise Tax Liability by Tax Base UtilizedTax Year 2018 Franchise Taxable Amount No Assets ListedNet Tax Liability ($) Net Worth Investment in TangibleProperty in N.C. Appraised Value of Property in N.C. **Not shown to maintain taxpayer confidentiality.

  • All sales, use or other similar taxes, duties, levies, recording fees or other governmental charges (but, for the avoidance of doubt, not including any Asset Taxes, Franchise Tax Liability, or Income Tax Liability), if any, incurred by or imposed with respect to the property transfers undertaken pursuant to this Agreement (“Subject Transfer Taxes”), if any, shall be the responsibility of, and shall be paid by, the Buyers (in accordance with their respective Proportionate Shares).

  • With regard to the “Sustainable Development Policies and Measures” (SD-PAMs) promoted by South Africa, sectoral approaches could also be useful to gain recognition of domestic sustainable development initiatives54.Sectoral “agreements” infer to some extent a legal nature.

  • SM shall indemnify Mitsui for all of SM’s Income Tax Liability and Franchise Tax Liability associated with the transactions contemplated by this Agreement.

  • Deductions for Solar Energy/Clean Coal x Tax Rate (either 1% or 0.5%)Franchise Tax Due Before Credits- Applicable CreditsFinal Franchise Tax Liability (for non-small business)x Applicable Small Business Discount (for small businesses) Final Franchise Tax Liability (for small businesses) The addition of an optional E-Z Computation for businesses with less than $10 million in total revenue (on an annualized basis) was added during the 2007 legislative session.

  • The formula for the E-Z Computation is set forth below: Total Revenue from Entire Business x Texas Apportionment Factor Apportioned Total Revenuex Tax Rate of 0.575%Final Franchise Tax Liability (for non-small business)x Applicable Small Business Discount (for small businesses) Final Franchise Tax Liability (for small businesses) Another important 2007 legislative change was the addition of a Small Business Discount.

  • Table 1.2C Corporation Net Franchise Tax Liability by Tax Base Utilized Tax Year 2014 Franchise Taxable Amount No Assets ListedNet Tax Liability ($) Investment in Capital Stock, Tangible Property inSurplus & Profits N.C. Note: Figures are based partially on unaudited returns.

  • Zero Franchise Tax Liability — Check this box if your assets in or apportioned to Missouri are less than or equal to $10,000,000.


More Definitions of Franchise Tax Liability

Franchise Tax Liability means any Liability for Tax imposed by a state on Seller’s or any of its Affiliates’ gross or net income and/or capital for the privilege of engaging in business in that state (including Texas margin Tax liability) that was or is attributable to RTP’s ownership of the RTP Assets or EAOC’s ownership of the EAOC Assets.
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Franchise Tax Liability means any Tax imposed by a state on EXCO’s or any of its Affiliate’s gross or net income and/or capital for the privilege of engaging in business in that state for any period or portion thereof ending on or before the Closing Date.
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Franchise Tax Liability means any Tax imposed by a state on Seller’s or any of its Affiliates’ gross or net income and/or capital for the privilege of engaging in business in that state. For purposes of determining Franchise Tax Liability, the taxable period shall be the accounting period with respect to which the Tax is computed.
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Related to Franchise Tax Liability

  • State premium tax liability means any liability

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • 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 Tax Returns mean all Tax Returns that relate to Income Taxes.

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

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Income Taxes means any Tax that is imposed on or measured by or referred to as income, gross income, gross receipts, profits, capital stock, franchise or other similar Tax.

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

  • Base Tax Year means the property tax levy year used

  • 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.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

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