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Baxter International BAX State income taxes – net of federal income tax benefit
State income taxes – net of federal income tax benefit at other companies
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Where this comes from
Reported directly by Baxter International in its filing.
Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes.
The source filing: Baxter International’s 10-K, filed February 12, 2026.
- Filed
- Feb 12, 2026, 4:46 PM EST
- Fiscal year
- FY2025
- Accession
- 0001628280-26-007733
| year ended December 31 (in millions) | 2025 | % |
|---|---|---|
| Income tax expense (benefit) at U.S. statutory rate | $(106) | 21.0% |
| State and local income taxes, net of federal (national) income tax effect1 | 62 | (12.3)% |
| Foreign tax effects | ||
| Costa Rica | ||
| Local tax incentive rate | (23) | 4.6% |
| Other | 10 | (2.0)% |
| Netherlands | 26 | (5.1)% |
| Puerto Rico |
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is Baxter International's state income taxes – net of federal income tax benefit?
- Baxter International (BAX) reported state income taxes – net of federal income tax benefit of -12.3% in Q4 2025.
- What does state income taxes – net of federal income tax benefit mean?
- This represents the net impact of state and local income taxes on the company's effective tax rate after accounting for the federal tax deduction benefit. It reconciles the difference between the statutory federal rate and the actual tax rate paid when state-level taxes are included. This provides insight into the efficiency of the company's tax planning across different domestic jurisdictions.
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