Nominal Tax Rate definition

Nominal Tax Rate means, with respect to a Business Unit or Project, the sum of (i) the maximum, marginal federal income tax rate which applies to corporate taxpayers, and (ii) the blended average (based on EBPS of the appropriate Profit Sharing Units and Projects) state and local income tax rate which would result if any state and local taxes of the Company were apportioned to such Business Unit or Project. For purposes of this definition, state and local taxes having an effect similar to an income or gross receipts tax (including without limitation of the Texas franchise tax) will be treated as an income tax.
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Nominal Tax Rate the official corporate income tax rate (including, without limitation, federal, state and local taxes) in the relevant market;
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Related to Nominal Tax Rate

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Tax Rate means the rate imposed under section 51 of the income tax act of 1967, 1967 PA 281, MCL 206.51, for the tax year in which the tax year of the taxpayer for which the credit is being computed begins.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.