Qualified expenditures definition

Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

Qualified expenditures means any expenditures of Developer for the Project that are eligible for TIF Incentives as defined in Section III. B. 3.

Qualified expenditures means all the costs and expenses

Examples of Qualified expenditures in a sentence

• Developer covenants and agrees to commence construction of the Qualified Expenditures within 120 days of the EDC’s completion of the road and utilities leading to the Property.

• Developer covenants and agrees to submit to the BCDC invoices, receipts, or other documentation in a form acceptable to the BCDC for the Qualified Expenditures made to the Property or for the promotion of the Property in a minimum amount of Twenty Thousand and No/100 Dollars ($20,000.00) by December 31, 2025.

• At the request of the City or RDA, Developer shall provide an independent analysis from a consultant expert in TIF to justify to the satisfaction of the City and RDA the Developer’s qualification and need for TIF, both in terms of Qualified Expenditures and the amount of money to be paid to Developer.

• Developer covenants and agrees to submit to the BCDC invoices, receipts, or other documentation in a form acceptable to the BCDC for the Qualified Expenditures made to the Property in a minimum amount of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) by April 1, 20242023.

• BCDC covenants and agrees to submit reimbursement for Qualified Expenditures made by the Developer pursuant to Section 4(a) of this Agreement, in an amount not to exceed the lesser of Twenty Thousand and No/100 Dollars ($20,000.00) or the aggregate amount of said invoices, receipts, or other documentation submitted by the Developer to BCDC within thirty (30) days of receipt of said documentation.

More Definitions of Qualified expenditures

Qualified expenditures means construction-related expenses of the taxpayer directly related to the project for which the tax credit is sought but excluding any expenses related to a private residence.

Qualified expenditures means construction-related expenses of the

Qualified expenditures means the costs and expenses incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure pursuant to a qualified rehabilitation plan which are defined as a qualified rehabilitation expenditure by section 47(c)(2) of the federal internal revenue code;

Qualified expenditures means amounts paid or incurred for tangible personal property purchased or leased, and used, within this state in the production of a qualified motion picture and payments, including qualified wages, for services performed within this state in the production of a qualified motion picture.

Qualified expenditures means expenditures in- cluded in a qualified plan, including capital, plant, equipment, working capital, and inventory expenses.

Qualified expenditures. ’ means the costs and expenses incurred

Qualified expenditures has the meaning set forth in Section 6.5(b).