IRS rate definition

IRS rate above means the Internal Revenue Service mileage rate for use by taxpayers computing the value of the use of a vehicle.
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IRS rate means the Internal Revenue Service mile- age rate for use by taxpayers computing the value of the use of a vehicle.
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Examples of IRS rate in a sentence

  • In the event the IRS increases the reimbursement rate for mileage, the County will adjust the mileage reimbursement rate to equal the new IRS rate as soon as practical, not to exceed sixty (60) days from the effective date of the IRS increase.

  • If the IRS rate should change during the term of the contract, the contract rate shall change also on the date specified by the IRS.

  • These include fees fixed by law or assessed by public agencies, messenger and other delivery fees, out of office copying/reproduction costs, and travel costs (including mileage charged at the standard IRS rate, parking, transportation, meals and hotel costs, if applicable), and other similar items.

  • The Company shall reimburse Executive monthly for business use of his automobile at the prevailing IRS rate per mile.

  • It will be the responsibility of both parties to be aware of the IRS rate.

  • The reimbursement rate will be equal to the current maximum IRS rate.

  • Travel from jobsite to jobsite in a private vehicle shall be considered as hours worked and mileage will be reimbursed at the current IRS rate per mile.

  • Employees shall be reimbursed for the use of personal automobiles in the conducting of school district business at the prevailing IRS rate.

  • Employees shall receive, in addition, the current IRS rate per mile for all miles traveled on County business during the month.

  • Employees shall be reimbursed at a level equal to the maximum IRS rate.

Related to IRS rate

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.