State Income Tax Rate definition

State Income Tax Rate means the highest combined rate of state income tax and local income tax (for cities within such state) among the various state and local jurisdictions in which the Partnership Unit Holders are subject to tax as a result of owning Partnership Units.
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State Income Tax Rate means, with respect to any Person, the weighted average highest marginal state and local income tax (inclusive of franchise or other taxes in the nature of income taxes) rates applicable to corporations or to individuals in any state in which such Person does business. The highest applicable marginal state and local income tax rates of the states from which the Person derives net income shall be weighted by the ratio of the Person's net income apportioned to a state by that state to the sum of the Person's net income apportioned to all states in which such Person is doing business.
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State Income Tax Rate means, with respect to any Person, the weighted average highest marginal state and local income tax (inclusive of franchise or other taxes in the nature of income taxes) rates applicable to corporations or to individuals in any state in which such Person does business as determined in good faith by the Board of Directors of the Company. The highest applicable marginal state and local income tax rates of the states from which the Person derives net income shall be weighted by the ratio of the Person's net income apportioned to a state by that state to the sum of the Person's net income apportioned to all states in which such Person is doing business.
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Examples of State Income Tax Rate in a sentence

  • Inputs Required: FIT = SIT= p = TEP = (State Income Tax Rate or Composite SIT) 35.00% 7.48% 0.00% 7.56% (percent of federal income tax deductible for state purposes) (percent of the tax exempt ownership) L Removes revenues that are distributed pursuant to Schedule 1 of the Midwest ISO Tariff.

  • Inputs Required: FIT = SIT= p = TEP = 21.00% 7.50% (State Income Tax Rate or Composite SIT) 0.00% (percent of federal income tax deductible for state purposes) 9.21% (percent of the tax exempt ownership) L Removes revenues that are distributed pursuant to Schedule 1 of the Midwest ISO Tariff.

  • A + Federal Income Tax) x ST 1-ST where ST is the State Income Tax Rate, A is the sum of the preferred stock component and the return on equity component determined in Section (I)(A)(2)(a)(ii) and Section (I)(A)(2)(a)(iii) above, and Federal Income Tax is Federal Income Tax as determined in Section (I)(A)(2)(b) above.

  • A + Federal Income Tax) x ST 1 - ST where ST is the State Income Tax Rate, A is the sum of the preferred stock component and the return on equity component determined in Section (I)(A)(2)(a)(ii) and Section (I)(A)(2)(a)(iii) above, and Federal Income Tax is the rate determined in Section (I)(A)(2)(c) above.

  • State Income Tax Rate The Company’s filing relies on a state income tax rate of 8.99%.

  • Inputs Required: FIT = SIT= p = TEP = (State Income Tax Rate or Composite SIT) 35.00% 7.40% 0.00% 7.57% (percent of federal income tax deductible for state purposes) (percent of the tax exempt ownership) L Removes revenues that are distributed pursuant to Schedule 1 of the Midwest ISO Tariff.

  • For the reasons set forth in MidAmerican’s and Staff’s initial briefs and testimony, the DOD’s recommendations presented in testimony are unreasonable and should be rejected.4. State Income Tax Rate Decrease Staff presented an adjustment to reflect, what Staff characterizes as a known and measureable change in the Illinois corporate income tax rate, effective January 1, 2015.

  • Inputs Required: FIT = SIT= p = TEP = 21.00% 7.50% (State Income Tax Rate or Composite SIT) 0.00% (percent of federal income tax deductible for state purposes) 9.26% (percent of the tax exempt ownership) L Removes revenues that are distributed pursuant to Schedule 1 of the Midwest ISO Tariff.

  • Inputs Required: FIT = SIT= p = (State Income Tax Rate or Composite SIT) 21.00% 9.63% 9.60% (percent of federal income tax deductible for state purposes) L Removes dollar amount of transmission expenses included in the OATT ancillary services rates, including Account Nos.

  • Inputs Required: FIT = SIT= p = TEP = (State Income Tax Rate or Composite SIT) 35.00% 7.33% 0.00% 7.59% (percent of federal income tax deductible for state purposes) (percent of the tax exempt ownership) L Removes revenues that are distributed pursuant to Schedule 1 of the Midwest ISO Tariff.


More Definitions of State Income Tax Rate

State Income Tax Rate the highest adjusted marginal state income tax rate based on the Employee's or Beneficiary's state of residence.
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State Income Tax Rate the highest adjusted marginal state tax income tax rate that applies to the type of income being taxed based on the Employee's workplace location as adjusted for the federal deduction of state and local taxes and the phase out of federal deductions under current law (or as adjusted under any subsequently enacted similar provisions of the Code).
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Related to State Income Tax Rate

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • 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.

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

  • 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.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

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

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • 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.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • 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.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Incremental Income Tax means the total amount withheld