Business component definition

Business component means any product, process, computer software, technique, formula or invention held for sale, lease or license or used in trade or business of the taxpayer;
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Business component of a taxpayer means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license or used by the taxpayer in a trade or business of the taxpayer. Any plant process, machinery, or technique for commercial production of a business component is treated as a separate business component and not as part of the business component being produced.
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Business component means “any product, process, computer software, technique, formula, or invention” which is held for sale, lease, or license or used in the taxpayer’s business. In order to apply the section 41(d)(1) tests and obtain a research credit, the taxpayer must identify the business components for which it claims qualified research activities. (See, e.g., Bayer Corp. and Subs. v. United States (W.D.Pa. 2012) 850 F.Supp.2d 522, 540.)
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Examples of Business component in a sentence

  • The applicable Delphi Affiliates are entitled to receive price increases for the Mexican Business component parts in connection with technical and engineering initiatives in accordance with the terms of the purchase orders and supply contracts relating to the Mexican Business.

  • You may also use this software with your licensed copies of Windows Small Business Server 2008 (“SBS 2008”), provided that your SBS 2008 users who access the software have been assigned licenses for the SBS 2011 Standard CAL Suite plus, in the case of users’ access to the SQL Server 2008 R2 Standard Edition for Small Business component of the software, licenses for the SBS 2011 Premium Add-on CAL Suite.


More Definitions of Business component

Business component means any product, process, computer software, technique,
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Business component means a primary function the Enrollment Broker will be responsible for maintaining under the Contract. The primary functions are:
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Business component means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license, or used by the taxpayer in a trade or business of the taxpayer.
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Related to Business component

  • Small Diversity business concern means a small business concern that is a least (51) percent unconditionally owned by one or more individuals who are both socially and economically diverse, or a publicly owned business that has at least (51) percent of its stock unconditionally owned by one or more socially and economically diverse individuals and that has its management and daily business controlled by one or more such individuals. This term also means a small business concern that is at least (51) percent unconditionally owned by an economically diverse Indian tribe or Native Hawaiian Organization, or a publicly owned business that has least (51) percent of its stock unconditionally owned by one of these entities, that has its management and daily business controlled by members of an economically diverse Indian tribe or Native Hawaiian Organization.

  • Business concern means any corporation, company, limited liability company, partnership, joint venture, trust, unincorporated association or any other form of association.

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Biomarker testing means the analysis of an Insured’s tissue, blood, or other biospecimen for the presence of a Biomarker. "Biomarker testing" includes but is not limited to single-analyte tests, multi-plex panel tests, protein expression, whole exome, whole genome, and whole transcriptome sequencing.

  • Modular building manufacturer means a person or corporation who owns or operates a