Examples of BBA Procedures in a sentence
In the event of an audit of the Company that is subject to the Company audit procedures enacted under section 1101 of the BBA (the “BBA Procedures”), the Company Representative, in its sole discretion, shall have the right to make any and all elections and to take any actions that are available to be made or taken by the Company Representative or the Company under the BBA Procedures (including any election under Code section 6226 as amended by the BBA).
In the event of an audit of the Company that is subject to the partnership audit procedures enacted under Section 1101(the “BBA Procedures”) of the Bipartisan Budget Act of 2015 (“BBA”) , the Partnership Representative, in its sole discretion, shall have the right to make any and all elections and to take any actions that are available to be made or taken by the Partnership Representative or the Company under the BBA Procedures (including any election under Section 6226 of the Code as amended by the BBA).
When conducting Relevant Activities, it is also required10 to comply with all relevant regulatory requirements set out in the Code of Conduct11 and guidelines, circulars and frequently asked questions published by the SFC from time to time.
The new BBA Procedures are generally effective for taxable years beginning on or after January 1, 2018.
The Partnership shall not elect into the partnership audit procedures under Subchapter C of Chapter 63 of the Code (as amended by the BBA) (the “BBA Procedures”) unless otherwise approved by the Partners, the Tax Matters Representative shall cause the Partnership to annually elect out of the BBA Procedures for pursuant to Code Section 6221(b) to the extent permitted by applicable law and regulations.
This is quite different from other information, which originates from mass media.
In the event of an audit of the Company that is subject to the partnership audit procedures enacted under Section 1101(the !BBA Procedures”) of the Bipartisan Budget Act of 2015 (!BBA”) , the Partnership Representative, in its sole discretion, shall have the right to make any and all elections and to take any actions that are available to be made or taken by the Partnership Representative or the Company under the BBA Procedures (including any election under Section 6226 of the Code as amended by the BBA).
The Company will not elect into the partnership audit procedures enacted under Section 1101 of the BBA (the “BBA Procedures”) for any tax year beginning before January 1, 2018, and, to the extent permitted by applicable law and regulations, the Company will annually elect out of the BBA Procedures for tax years beginning on or after January 1, 2018 pursuant to Code Section 6221(b) (as amended by the BBA).