Tax equivalent definition

Tax equivalent means the amount in lieu of taxes computed according to this section which is required to be paid by each board to the state and to each taxing jurisdiction in which the board operates and required by subsection (11) of KRS 96.570 to be included in resale rates.

Tax equivalent means an income tax equivalent, within the meaning of the Government Business Enterprises Act 1995;

Examples of Tax equivalent in a sentence

• Past performance is not an indication of future results.(b) Tax equivalent yield assumes the maximum marginal U.S. federal tax rate of 40.8%, which includes the 3.8% Medicare tax.

• Tax equivalent yield assumes the maximum marginal U.S. federal tax rate of 40.8%, which includes the 3.8% Medicare tax.

• It is the LADWP’s intent that for orders placed with out-of-state contractors, the LADWP will assess and self-pay the applicable California Use Tax (equivalent of California Sales Tax) directly to the State of California pursuant to the LADWP’s permit with the State Board of Equalization.

• Tax equivalent yield assumes the maximum marginal U.S. federal and state tax rate of 54.1%, which includes the 3.8% Medicare tax.

• Tax equivalent net interest rate spread represents the difference between the weighted-average yield on interest- earning assets and the weighted-average cost of interest-bearing liabilities.

• Tax equivalent basis was calculated using a 35.00% tax rate in all years presented.

• Under this program the City will assess and self pay the California Use Tax equivalent of California Sales Tax directly to the California State Board of Equalization.

• A 1% increase in Council Tax, equivalent to £11.13 for a Band D household, would secure an additional £1,082k income, with the approach to continuing the Older People's Discount requiring £216k of this sum for any increases in 2017/18 or 2018/19 to leave £866k additional income to fund services.

• Tax equivalent basis net interest income of $416.7 million decreased $1.8 million, or 0.4%, from $418.6 million.

• Tax equivalent due to reevaluation difference( unrealized gain) was recorded as “Deferred tax liabilities”, in which was shown long-term liabilities, and the balance amount after deducting the tax equivalent was recorded as “Reevaluation reserve for land” in net assets of the balance sheet.According to the Law, the Company and a domestic consolidated subsidiary are not permitted to reevaluate the land at any time after the above reevaluation even in cases where the fair value of the land declines.