Tax Amount definition

Tax Amount has the meaning set forth in Section 4.01(b)(i).
Tax Amount of a Member for a Fiscal Year means the product of (a) the Tax Rate for such Fiscal Year and (b) the Adjusted Taxable Income of the Member for such Fiscal Year with respect to its Units.
Tax Amount has the meaning set forth in Section 4.02 of the Holdings LLC Agreement.

Examples of Tax Amount in a sentence

  • Total Estimated Annual Tax Amount After Sale...........................................• 5 $ The information in this subparagraph A is an estimate only.

  • For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Estimated Supplemental Tax Amount Obligation $If a supplemental event occurs between June 1 and December 31, only one supplemental tax bill or refund check is issued.

  • For purposes of the foregoing, Available Cash with respect to a Quarter will be deemed reduced by the Estimated Incremental Quarterly Tax Amount for that Quarter.

  • Accounting Procedures for Refund of County Sales & Use Tax Amount of county sales and use tax paid per CM’s statements: CM’s performing contracts for state agencies shall ensure that the Principal Trade and Specialty Contractors provide information to allow the CM to give the state agency for whose project the materials, supplies, fixtures and/or equipment was purchased a signed statement containing the information listed in N.C.G.S. 105-164.14(e).


More Definitions of Tax Amount

Tax Amount means, for any period beginning on or after January 1, 2010, the combined federal, state and local income taxes, including estimated taxes, that would be payable by Icahn Enterprises if it were a Delaware corporation filing separate tax returns with respect to its Taxable Income for such period and owned 100% of Icahn Enterprises Holdings; provided, that in determining the Tax Amount, the effect thereon of any net operating loss carryforwards or other carryforwards or tax attributes, such as alternative minimum tax carryforwards, that would have arisen if Icahn Enterprises were a Delaware corporation shall be taken into account, but only to the extent such carryforwards or attributes arise after January 1, 2010; provided, further that (i) if there is an adjustment in the amount of the Taxable Income for any period, an appropriate positive or negative adjustment shall be made in the Tax Amount, and if the Tax Amount is negative, then the Tax Amount for succeeding periods shall be reduced to take into account such negative amount until such negative amount is reduced to zero and (ii) any Tax Amount other than amounts relating to estimated taxes shall be computed by a nationally recognized accounting firm (but, including in any event, Icahn Enterprises’ auditors). Notwithstanding anything to the contrary, the Tax Amount shall not include taxes resulting from Icahn Enterprises’ change in the status to a corporation for tax purposes.
Tax Amount means the Highest Member Tax Amount divided by the Percentage Interest of the Member described in the definition of “Highest Member Tax Amount”.
Tax Amount has the meaning assigned to such term in Section 6.05(b).
Tax Amount has the meaning set forth in Section 5.01(b)(i) of this Agreement.
Tax Amount means, with respect to each Partner (without regard to whether or not a Partner is taxable or non-taxable), an amount equal to the actual taxes payable by such Partner with respect to the Distributable Proceeds cumulatively allocated to such Partner in accordance with this Agreement and not otherwise offset by allocations of Fund losses and other deductions allocated to the Fund.
Tax Amount means has the meaning set forth in Section 5.2(b).
Tax Amount means, with respect to any period, without duplication, the amount of taxable income in respect of the income of the Company of any member multiplied by the highest marginal combined federal, state and local tax rates applicable to corporations for such period.