Federal Credit means the Low Income Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.
Federal Credit means the 4% Credit and/or 9% Credit, as specified or implied in context.
Federal Credit means (a) for a transfer, the maximum amount
Examples of Federal Credit in a sentence
The Board agrees to deduct from the salaries of the employees dues for the East Amwell Principal and Supervisors Association, New Jersey Principals and Supervisors Association, Public Employees Retirement System, Teachers’ Pension and Annuity Fund, The Hunterdon County School Employees Federal Credit Union and such other annuities approved by the Board, as said employees individually and voluntarily authorize the Board to deduct.
These funds shall be placed each month in the individual teacher’s savings account at a bank of the Teacher’s choice and/or the Central Bergen Federal Credit Union and may be drawn upon at the Teacher’s discretion.
More Definitions of Federal Credit
Federal Credit means the credit allowed under section 47(a)(2) of the Internal Revenue Code.
Federal Credit means the maximum amount of the credit for state death taxes allowable by § 2011 of the United States Internal Revenue Code of 1954, as amended or renumbered, or successor provision, in respect to a decedent's taxable estate. The term "maximum amount" shall be construed as to take full advantage of such credit as the laws of the United States may allow. In no event, however, shall such amount be less than the federal credit allowable by § 2011 of the Internal Revenue Code as it existed on January 1, 1978.
Federal Credit means the credit allowed under section 47(a) of the Internal Revenue Code, except that the amount allowed is deemed to be allocated in the taxable year that the project is placed in service.
Federal Credit means the maximum amount of the credit for state death taxes allowable by Section 2011 of the Internal Revenue Code. The term "maximum amount" shall be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code;
Federal Credit means the maximum amount of the credit for state death taxes allowable by Internal Revenue Code Section 2011. The term "maximum amount" must be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code Section 2011, but (a) only after taking into account other federal estate tax credits permitted by the Internal Revenue Code and (b) not in excess of the amount necessary to reduce the federal estate tax to zero.
Federal Credit means the 4% Credit and/or 9% Credit, as specified or implied in context the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.