Note 11: Income Taxes

Provisions (benefit) for income taxes are as follows:


	Six Months Ended June 30,					Three Months Ended June 30,
	2015		2014			2015			2014
	(In Thousands)
Current:
Federal	$	10	$	(1,189	)	$	(147	)	$	(2,169	)
State		661		1,242			(187	)		567

Total Current		671		53			(334	)		(1,602	)

Deferred:
Federal		3,121		13,393			275			8,000
State		348		1,255			18			649

Total Deferred		3,469		14,648			293			8,649

Provisions (benefit) for income taxes	$	4,140	$	14,701		$	(41	)	$	7,047

For the six and three months ended June 30, 2015 and 2014, the current provisions (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 six and three months ended June 30, 2015 and 2014, the current provisions (benefit) 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 six months ended June 30, 2015 and 2014 was $4.1 million (37% of pre-tax income) and $14.7 million (39% 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.