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INCOME TAXES
9 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
INCOME TAXES
NOTE 9 INCOME TAXES
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") became law. The CARES Act, among other things, includes certain income tax provisions for corporations; however, as of June 30, 2020, we are not anticipating any of the benefits to significantly impact the Company’s income tax provision.
We use an estimated annual effective tax rate for purposes of determining the income tax provision during interim reporting periods. In calculating our estimated annual effective tax rate, we consider forecasted annual pre-tax income and estimated permanent book versus tax differences. Adjustments to the effective tax rate and estimates will occur as information and assumptions change.
Our income tax benefit from continuing operations for the three months ended June 30, 2020 and 2019 was $17.6 million and $32.0 million, respectively, resulting in effective tax rates of 27.6 percent and 17.2 percent, respectively. Our income tax benefit from continuing operations for the nine months ended June 30, 2020 and 2019 was $116.9 million and $5.6 million, respectively, resulting in effective tax rates of 21.1 percent and 7.0 percent, respectively. The discrete adjustments for the three and nine months ended June 30, 2020 and 2019 relate to decreases in our deferred state income tax rate, return to provision adjustments, and reversals of uncertain tax liabilities.
For the next 12 months, we cannot predict with certainty whether we will achieve ultimate resolution of any uncertain tax positions associated with our U.S. and international operations that could result in increases or decreases of our unrecognized tax benefits. However, we do not expect the increases or decreases to have a material effect on our results of continuing operations or financial position.