What was the state deferred income tax expense for Big O Tires in 2024?

Based on the 2025 Franchise Disclosure Document, the exact figure for the state deferred income tax expense for Big O Tires in 2024 is not explicitly provided. However, the document does mention that the provision for income taxes differs from the statutory federal rate of 21% due to state taxes, taxation of foreign income, and tax credits. This implies that state income taxes are a component of the overall income tax expense.

For a prospective franchisee, this means that understanding the nuances of state income taxes is crucial for financial planning. The difference between the federal rate and the actual rate, as influenced by state taxes, can impact the overall profitability and tax liabilities of a Big O Tires franchise.

To gain a clearer picture, a potential franchisee should ask Big O Tires for a detailed breakdown of the factors contributing to the difference between the statutory federal rate and the actual income tax provision. Specifically, inquiring about the state income tax component and how it is calculated would be beneficial. This information will help in accurately forecasting tax obligations and making informed financial decisions.