ACTUAL INCOME TAX RATES

The Actual Income Tax Rates page gives users input fields for the current income tax rate, and the ending deferred tax rate. The beginning deferred tax rate and interim rate fields appear for the review only. These fields cannot be edited. The calculated interim rate is applied to Pre-Tax Book and the rates entered in Unit Details are applied to the discrete items.

If different tax rates are in effect due to tax law changes, the appropriate tax rate for each item is entered in the Current Income Tax and Ending Deferred Rate fields.

When users finish entering the appropriate unit tax rates, click Save Changes. Users can follow the sequence for populating the remaining unit information by clicking Next. Users can also proceed to the next page by clicking Actual Permanent Diffs. Administrators can make the current, beginning deferred, and/or ending deferred tax rates read-only, or all four fields can be hidden from view by local users. For more information, refer to the Administration section.