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Income Taxes
9 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

12.

Income Taxes

Our effective tax rate (ETR) from continuing operations was 19.9% and 22.1% for the three and nine months ended June 30, 2022, respectively, and 26.3% and 25.5% for the three and nine months ended June 30, 2021, respectively. The Company’s ETR during the three and nine months ended June 30, 2022 was different from the prior year tax rates primarily as a result of the vesting of stock compensation where the tax deduction state taxes differed from the book expense, changes in the valuation allowance against state net operating losses, and changes in state statutory rates.

We continue to maintain a valuation allowance on a portion of our state net operating losses in jurisdictions with shortened carryforward periods or in jurisdictions where our operations have significantly decreased as compared to prior years in which the net operating losses were generated.

As of September 30, 2021, we had aggregate federal and state net operating loss carryforwards of approximately $541.3 million and $235.7 million, respectively, which expire in fiscal years 2027-2038 and 2022-2041, respectively. Approximately $1.2 million of state net operating loss carryforwards are expected to expire in the current fiscal year.