Income Tax Liability means any Liability of SM Energy or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of SM Energy or any of its Affiliates that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in or the operation of the Assets.

Income Tax Liability means any Liability of SM Energy or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the income of SM Energy or any of its Affiliates that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in or the operation of the Assets.

Income Tax Liability means any income tax in respect of PAYE income for the purposes of section 683 Taxes Act (or the equivalent in any jurisdiction outside England & Wales).

Examples of Income Tax Liability in a sentence

A legal government body formed by governing constitutions or statutes.Note – Corporate Income Tax Liability: Sub-chapter C-corporations and limited liability companies electing treatment by the IRS as C-corporations for federal income tax purposes will be subject to and obligated for Florida corporate income tax.
Then, the taxpayer will calculate the CIT comparison on Schedule of Corporate Income Tax Liability for a Financial Filer (Form 4975).
Entity’s Income Tax Liability for this Tax Year: - Enter entity’s tax liability for the tax year.13.
Income Tax Liability Limitation: - Enter twenty-five percent (25%) of the entity’s tax liability (Multiply Line 12 by 25%).14.
Parent agrees to indemnify and hold harmless each member of the SpinCo Group and its directors, officers and employees from and against any fine, penalty, or other cost or expense of any kind attributable to a member of the Parent Group having supplied, pursuant to this Section 8, a member of the SpinCo Group with inaccurate or incomplete information in connection with an Income Tax Liability or Other Tax Liability.

More Definitions of Income Tax Liability

Income Tax Liability means any Liability of Seller or any of its Affiliates attributable to any federal, state, or local income tax measured by or imposed on the net income of Seller or any of its Affiliates that was or is attributable to Seller’s or any of its Affiliates’ ownership of an interest in or the operation of the Conveyed Interests.

Income Tax Liability means the net amount of Income Taxes due and paid or payable for any Taxable Period, determined after applying all income tax credits and all applicable carrybacks or carryovers permitted hereunder for net operating losses, net capital losses, unused general business tax credits, or any other Income Tax Items arising from a prior or subsequent Taxable Period, and all other relevant adjustments; and shall include without limitation the net amount due and paid or payable for alternative minimum tax imposed under Code section 55 or similar alternative or add-on minimum taxes.

Income Tax Liability means any Liability of Seller or its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income, profits, revenue or similar measure that was or is attributable to (a) RTP’s ownership of the RTP Assets or (b) EAOC’s ownership of the EAOC Assets.

Income Tax Liability means any liability for Income Taxes.

Income Tax Liability means any Liability of EXCO or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of EXCO or any of its Affiliates for any period or portion thereof ending on or before the Closing Date.

Income Tax Liability means any Liability of Seller or its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of RTP.