Actual Income Tax Rates

The Actual Income Tax Rates page gives you input fields for the current income tax rate, and the ending deferred tax rate. The beginning deferred tax rate and interim rate fields display for your review only.These fields cannot be edited.  The interim rate will be applied to the Pre-Tax Book and the rest of the rates will be applied to the discretes.

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

When you finish entering the appropriate unit tax rates, click Save Changes. You can follow the sequence for populating the remaining unit information by clicking the Next link. You can also proceed to the next page by clicking Actual Permanent Diffs in the left navigator.

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.