INCOME TAXES

PBF Holding is a limited liability company treated as a “flow-through” entity for income tax purposes. Accordingly, there is generally no benefit or expense for federal or state income tax in the PBF Holding financial statements apart from the income tax attributable to two subsidiaries acquired in connection with the acquisition of Chalmette Refining and the Company’s wholly-owned Canadian subsidiary, PBF Energy Limited (“PBF Ltd.”), which are treated as C-Corporations for income tax purposes.

The income tax (benefit) expense in the PBF Holding condensed consolidated financial statements of operations consists of the following:



	Three Months Ended June 30,					Six Months Ended June 30,
	2018			2017		2018			2017
Current income tax (benefit) expense	$	(26	)	$	737	$	(31	)	$	1,209
Deferred income tax (benefit) expense	(3,957		)	5,161		(4,653		)	5,123
Total income tax (benefit) expense	$	(3,983	)	$	5,898	$	(4,684	)	$	6,332