Examples of Ad Code in a sentence
If a captive REIT or a RIC is required by any of the conditions set out herein to be in- cluded in a combined return with another corporation, and that other corporation is re- quired to be included in a combined return with another corporation under other provi- sions of Ad. Code 11-646(f), the captive REIT or RIC must be included in that com- bined return with those corporations.
IRC section 172 federal losses must be adjusted to reflect the inclusions and exclu- sions from ENI required by the provisions of Ad. Code section 11-641 (other than the NOL deduction provision).
If, the corporation that is the closest controlling stockholder of the captive REIT or captive RIC is a corpora- tion not permitted to make a combined re- turn, then that corporation is deemed to not be in the ownership structure of the captive REIT or captive RIC, and the closest con- trolling stockholder will be determined under Ad. Code section 11-646(f)(2) with- out regard to that corporation.
If the corporation that directly owns or con- trols the voting stock of the captive REIT or captive RIC is a corporation organized under the laws of a foreign country and not permitted to make a combined return as pro- vided in Ad. Code section 11-646(f)(4)(ii), then the captive REIT or captive RIC must determine the closest controlling share- holder under Ad. Code section 11-646(f)(2) to be included in a combined return with that corporation.
If the taxpayer applies a subtraction pursuant to Ad. Code §11- 652(8)(r), the interest or net gains from the loan are not recognized by a captive REIT as defined in Ad. Code §11-601.
A loan that meets the definition of a qualifying loan in a prior tax- able year (including years prior to the effective date of this para- graph) remains a qualifying loan in taxable years during and after which such loan is acquired by another corporation in the taxpayer's combined reporting group under Ad. Code §11-654.3.
For tax years beginning on or after August 1, 2002, partnerships that are partners in partnerships that are subject to tax under Ad. Code Title 11, Ch. 11 as “utilities” de- fined in Ad. Code section 11-1101(6) should subtract here any distributive share of income or gains from any such partnership, including their share of separately reported items included in calculating the amount on line 1 of this schedule.
An alien corporation that under any provision of the IRC is not treated as a domestic corporation as defined under IRC section 7701 and has no effectively connected income for the tax year is not subject to tax pursuant to clause three of the opening para- graph of Ad. Code §11-652(8).
If a captive REIT or RIC is required by any of the conditions set out herein to be included in a combined report with another corporation, and that other corporation is required to be included in a combined report with another corporation under other provisions of Ad. Code 11- 605(4)(a), the captive REIT or RIC must be included in that combined report with those corporations.
In addition, for tax years beginning on and after August 1, 2002, partners in any partnership subject to the Utility Tax as a “util- ity” as defined in Ad. Code section 11-1101(6) will not be subject to Unincorporated Business Tax on their distributive share of the in- come of any such entity.5) Full Exemption for Investment Activi- ties: A partnership, except a dealer as de- fined in Admin.