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INCOME TAXES
3 Months Ended
Mar. 31, 2020
INCOME TAXES  
INCOME TAXES

NOTE 14—INCOME TAXES

The Company’s income tax information is presented in the table below. The effective tax rate is different than the 21% standard Federal rate due to net income allocated to noncontrolling interests, state income taxes and valuation allowances.

Three Months Ended March 31, 

2020

2019

(in thousands)

Current income tax (benefit) expense

$

(72)

$

178

Deferred income tax (benefit) expense

(92)

-

Total income tax (benefit) expense

$

(164)

$

178

Effective Tax Rate

0.1%

11.3%

On March 27, 2020, the CARES Act was enacted. The CARES Act includes, among other things, certain income tax provisions for businesses. The Company recognized an income tax benefit of $0.4 million during the quarter ended March 31, 2020, as a result of the net operating loss carryback and interest expense limitation provisions of the CARES Act.