Note 11: Income Taxes

Provisions for income taxes are as follows:


	Three Months Ended
	March 31,
	2015		2014
	(In Thousands)
Current:
Federal	$	158	$	980
State		847		675

Total Current	$	1,005	$	1,655

Deferred:
Federal	$	2,846	$	5,393
State		330		606

Total Deferred	$	3,176	$	5,999

Provisions for income taxes	$	4,181	$	7,654

For the three months ended March 31, 2015 and 2014, the current provisions 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 months ended March 31, 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 provision for the three months ended March 31, 2015 and 2014 was $4.2 million (39% of pre-tax income) and $7.7 million (40% of pre-tax income), respectively.

LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2011-2013 years remain open for all purposes of examination by the U.S. Internal Revenue Service and other major tax jurisdictions.