Note 10: Income Taxes

Provision (benefit) for income taxes are as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(In Thousands)
Current:
Federal	$	(5,582	)	$	660		$	(5,572	)	$	(529	)
State		197			31			857			1,273

Total Current		(5,385	)		691			(4,715	)		744


Deferred:
Federal		(14,592	)		(2,568	)		(11,469	)		10,825
State		(2,005	)		(538	)		(1,658	)		717

Total Deferred		(16,597	)		(3,106	)		(13,127	)		11,542

Provision (benefit) for income taxes	$	(21,982	)	$	(2,415	)	$	(17,842	)	$	12,286

For the three and nine months ended September 30, 2015 and 2014, the current provision (benefit) for federal income taxes shown above includes regular federal income tax provision after the consideration of permanent and temporary differences between income for GAAP and tax purposes. For the three and nine months ended September 30, 2015 and 2014, the current provisions for state income taxes shown above includes regular state income tax and provisions for uncertain state income tax positions.

Our annual estimated effective rate for 2015 includes the impact of permanent tax differences, such as energy tax credits and other permanent items.

The tax benefit for the nine months ended September 30, 2015 was $17.8 million (40% of pre-tax loss) and the tax provision for the nine months ended September 30, 2014 was $12.3 million (39% of pre-tax income).

LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2012-2014 years remain open for all purposes of examination by the U.S. Internal Revenue Service and other major tax jurisdictions.