TAXABLE MILES definition

TAXABLE MILES. Enter total taxable miles traveled on public highways for each jurisdiction. If you deduct tax-exempt miles, you must log these miles and provide evidence to auditors. You must pay interest & penalties on improper exemptions that are deducted. TAXABLE GALLONS: Enter total taxable gallons for each jurisdiction, column “4” divided by avg. MPG from part “B”, Fuel Summary.
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TAXABLE MILES means all of those miles traveled in Arkansas by a "Heavy Motor Vehicle", during which such vehicle's actual gross weight is 73,281 pounds or more;
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TAXABLE MILES. Means all miles operated by qualified vehicles subject to a jurisdiction’s fuel tax requirements. Miles operated under trip permits generally are exempt from fuel tax requirements.
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Examples of TAXABLE MILES in a sentence

  • ALSO NOTE THAT MILES OPERATED ON IRP TRIP PERMITS ARE TAXABLE MILES FOR IFTA PURPOSES.IRP enables member states to share, on a percentage basis, in the vehicle registration fees to the extent of the carriers’ operations in a state.


More Definitions of TAXABLE MILES

TAXABLE MILES traveled in each member jurisdiction. Generally, your “Taxable Miles” and your “Total Miles” will be the same. For jurisdictions that allow exempt miles, such as fuel trip permit miles, you will need to know the number of exempt miles in order to calculate your “Taxable Miles.” Exemption information can be found at xxx.xxxxxx.xxx. • “Tax Paid Gallons” of fuel placed into the fuel tank and used to operate your qualified motor vehicles in each jurisdiction.
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Related to TAXABLE MILES

  • 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.

  • Taxable means either:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

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

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

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

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

  • 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.

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

  • 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 Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • 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.

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

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • taxable service means any service provided or to be provided –

  • Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

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

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Carryback means any net operating loss, net capital loss, excess tax credit, or other similar Tax item which may or must be carried from one Tax Period to another Tax Period under the Code or other applicable Tax Law.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

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

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.