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Revised 10/07 2 Tables OF CONTENTS Address Changes. 23 Backdrop Provision of the Deferred Option Plan ... 67 Beneficiary s Continuation of Pension 74 Board Meetings and Composition
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Back drop provision is a tax provision that allows taxpayers to calculate their tax liability using a higher rate of tax than the standard rate.
Taxpayers who have income that is subject to the back drop provision are required to file it.
To fill out the back drop provision, taxpayers must report their income subject to the provision and calculate the tax due using the higher rate.
The purpose of the back drop provision is to ensure that taxpayers pay a fair amount of tax on income subject to the provision.
Taxpayers must report their income subject to the provision and calculate the tax due using the higher rate.
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