Allocation of Tax Credits. The tax credits, if any, with respect to the Company’s property or operations shall be allocated among the Members in accordance with Treasury Regulations § 1.704-1(b)(4)(ii).
Allocation of Tax Credits. State and federal tax credits, if any, shall be allocated to the Members’ in accordance with their respective Ownership Percentages.
Allocation of Tax Credits. All tax credits allowed in connection with any depreciable property shall be allocated in the same manner as deductions for Depreciation of such property, and all tax credits allowed in connection with other expenditures shall be allocated in the same manner as deductions arising out of such other expenditures.
Allocation of Tax Credits. Except as may otherwise be required by law, any tax credits to which the Company may be entitled shall be allocated to the Members in accordance with their respective Participation Percentages.
Allocation of Tax Credits. 4.5.1. Except as provided in Section 4.5.2, in accordance with Treasury Regulation Section 1.704-1(b)(4)(ii), all expenditures giving rise to the allowance of any Tax Credits shall be allocated among the Partners in the manner in which the deductions arising from such expenditures are allocated among the Partners for the relevant taxable year, it being the intention of the Partners that such expenditures, including, without limitation, expenditures giving rise to the allowance of Low Income Housing Credits, be allocated 99% to the Limited Partners, as a class, and 1% to the General Partner.
Allocation of Tax Credits. All tax credits with respect to the Company's property or operations shall be allocated among the Members in accordance with their Sharing Ratios for the period during which the expenditures, production, sale, or other event giving rise to the tax credit occurred. If there is no Profit during such period, such tax credits shall be allocated as if there had been Profit during such Period.
Allocation of Tax Credits. Any tax credits available to the Program and any tax credit recaptures for any accounting period shall be allocated between the Partners in accordance with their respective Proportionate Shares in effect during the accounting period.
Allocation of Tax Credits. All investment tax credits earned by the Partnership pursuant to Section 38 of the Code, or any successor provision thereto, shall be allocated to the Partners in accordance with their interests in Partnership Profits, as of the time that the property with respect to which such credits are earned is placed in service in accordance with Regulations Section 1.46-3(f)(2)(i).
Allocation of Tax Credits. All tax credits, including the investment tax credit, with respect to the Company’s property or operations will be allocated in the proportions described in Section 5.2.
Allocation of Tax Credits. Except as may otherwise be required by law, any tax credits to which the Partnership may be entitled shall be allocated to the Partners in accordance with their respective Participation Percentages.
