Low Income Housing Tax Credit Sample Clauses

Low Income Housing Tax Credit. The Mortgagor must agree to subject the Development to the extended low income use commitment required by Section 42 of the Code, pursuant to a Low Income Housing Tax Credit Regulatory Agreement.
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Low Income Housing Tax Credit. This bill implements a cap of $135 million on the amount of tax credits that may be authorized in a given fiscal year under the Missouri Low-Income Housing Tax Credit program. The bill also prohibits the issuance of tax credits for the 4% credit for projects financed through tax-exempt bond issuance (Section 135.352). MOTOR FUEL TAX Beginning January 1, 2019, this bill increases the rate of motor fuel tax from $0.17/gallon to $0.23/gallon (Section 142.803). INCOME TAX Current law provides for a reduction in the top rate of income tax over a period of years from 6% to 5.5%, with each cut becoming effective if net general revenue collections meet a certain
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Low Income Housing Tax Credit. (“LIHTC”): If the Project is the recipient of federal LIHTC, Xxxxxxx agrees to comply with Section 42 of the Internal Revenue Code of 1986, as amended, and all rules and regulations thereunder.
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Low Income Housing Tax Credit. There shall have occurred any change, event or condition in any currently effective or proposed legislation with respect to Low Income Housing Tax Credit under Section 42 of the Code that has or is reasonably likely to have any Material Adverse Effect.
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Low Income Housing Tax Credit. Notwithstanding anything contained in this Lease to the contrary the use of the Project Real Property and Flat Creek Apartments by the Lessee shall at all times comply with the rules of the Low-Income Housing Tax Credit Program administered by the U.S. Department of Treasury. In addition, The Owner and the Lessee are prohibited from engaging in any activity or from using the Flat Creek Apartments or the Project Real Property for any purposes or use that would cause the loss of tax credits issued pursuant to Section 42 of the Internal Revenue Code to the Flat Creek Apartments.‌
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Low Income Housing Tax Credit a. The definition of “Low Income Housing Tax Credit” contained in Section 102 of the DDA entitled Definition is hereby deleted in its entirety.
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Related to Low Income Housing Tax Credit

  • PROHIBITION ON CONTRACTING WITH ENTITIES USING CERTAIN TELECOMMUNICATIONS AND VIDEO SURVEILLANCE EQUIPMENT (Effective Aug. 13, 2020 and as amended October 26, 2020) Pursuant to 2 CFR 200.216, Contractor shall not offer equipment, services, or system that use covered telecommunications equipment or services as a substantial or essential component of any system, or as critical technology as part of any system. ‘‘Covered telecommunications equipment or services means 1) telecommunications equipment produced by Huawei Technologies Company or ZTE Corporation (or any subsidiary or affiliate of such entities); 2) for the purpose of public safety, security of government facilities, physical security surveillance of critical infrastructure, and other national security purposes, video surveillance and telecommunications equipment produced by Hytera Communications Corporation, Hangzhou Hikvision Digital Technology Company, or Dahua Technology Company (or any subsidiary or affiliate of such entities);

  • Tax Credit If an Obligor makes a Tax Payment and the relevant Finance Party determines that:

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • PROMOTING TAX COMPLIANCE 18.1 If, at any point during the Framework Period, an Occasion of Tax Non- Compliance occurs, the Supplier shall:

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • Employee Facilities Employee Facilities. Restrooms and attendant facilities shall be provided as required in the orders and regulations of the State of Washington Department of Labor and Industries. A good faith effort will be made by the Employer to provide facilities for employees’ personal belongings.

  • PROHIBITION ON CONTRACTS WITH COMPANIES BOYCOTTING ISRAEL CERTIFICATION As required by Chapter 2271 of the Texas Local Government Code the Contractor must verify that it 1) does not boycott Israel; and 2) will not boycott Israel during the term of the Contract. Pursuant to Section 2271.001, Texas Government Code:

  • Lender Tax Information For purposes of this Section 5.9, the term “Lender” includes any Fronting Bank.

  • OFFSET CREDIT/COOPERATION This Contract has been entered into in direct support of LOCKHEED XXXXXX'x international offset programs. All offset benefit credits resulting from this Contract are the sole property of LOCKHEED XXXXXX to be applied to the offset program of its choice. SELLER shall assist LOCKHEED XXXXXX in securing appropriate offset credits from the respective country government authorities.

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