Tax day definition

Tax day means that term as described in section 2(2).
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Tax day means November 30, following the end of the income year; section 2 (62A)
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Examples of Tax day in a sentence

  • Tax day 2015 represents the next big test in the implementation of this highly controversial law.

  • Tax day may be changed by the Treasurer acting together with the council, as permitted by the laws of the State of Michigan.

  • Pretty unique, right?It took us from Tax day to Thanksgiving to get the house deal done, what with the economic crisis the U.S. is in (sort of like it was a few months after my A rolled off the assembly line in ’29) and the vagaries of home loans these days.

  • Friday, Saturday nights, cheque day which is like Welfare day or Child Tax day.

  • The previous record occurred during the Tax day flood in 2016 in which the water level reached 31.30 m [102.7 ft].

  • She and Wally helped found the Valley Community Land Trust, Pioneer Valley War Tax Resisters, and the Greenfield32 Years of Resistance Tax day 2014, Tucson.Photo courtesy of The Nuclear Resister.WTax Day Actionsar tax resisters head out once again, on or before Wednesday,April 15, to call for a cut off of taxes for war.

  • Income Tax in IndiaIncome tax is a direct tax which is imposed on the income of an Individual or Corporates.It was first imposed in India on 24 July 1860.The first income tax was imposed in India in 1860 by Sir James Wilson.Income Tax day is observed every year on 24 July .When the Income Tax Act 1922 was introduced it laid a proper framework for the direct tax administration in the country.

  • The board agreed to a one year plan and to continue to analyze additional proposals.9. Annual Motor Fuels Tax day labor transfers Interim Village Manager Dieterich stated that funds are not available for the annual Motor Fuel Tax day labor transfers at this time.

  • First release of ’09: April 15, Tax day, tea bag day, the Ides of April, Freak Out and Fast Food day, our just plain old hump day, regardless of your choice it was also the day of our first release of 2009.

  • Editor's Note: Tax day is now is December 31 of the immediately preceding year.

Related to Tax day

  • Tax Date means the date any withholding tax obligation arises under the Code for a Participant with respect to an Incentive Award.

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Taxable means either:

  • Book-Tax Disparities means, with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Exhibit B and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

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

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or item of deduction or expense) of a taxpayer (or of the Affiliated Group of which it is a member) for any taxable period.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Tax Dispute has the meaning set forth in Section 5.06.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Tax Distribution has the meaning set forth in Section 4.4.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.