Composite Tax Return definition

Composite Tax Return means any Tax Return filed by or with respect to any entity that is treated as a partnership or other “flow-through entity” for purposes of such Tax Return that (a) reports the operations of the entity and the entity’s equity owners’ share of such operations and (b) calculates a Tax that is paid by the entity on behalf of, or with respect to, an equity owner that is a non-resident of the relevant taxing jurisdiction for applicable Tax purposes.
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Composite Tax Return means any State Income Tax or other Tax Return which has been or will be filed by any AGC Subgroup Member or AG.cxx Xxxgroup Member which computes the Taxes (the "COMBINED TAXES") payable to a state, local or foreign taxing jurisdiction in respect of the income, operations or assets of two or more corporations that include at least one Subgroup Member from each of the AGC Subgroup and the AG.cxx Xxxgroup based on so-called "combined or consolidated reporting" or apportionment of business income under the so-called "unitary business" concept.
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Composite Tax Return has the meaning set forth in Section 3.24(a)(i).
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Examples of Composite Tax Return in a sentence

  • File the extension with the Rhode Island Division of Taxation on or before the due date for filing the Rhode Island Composite Tax Return.

  • Multistate Tax Commission, “The Multistate Tax Commission ‘Working Draft’ of a Proposed Model Rule for a Partnership Composite Tax Return Applicable to Multijurisdictional Partnerships,” reprinted in State Tax Notes, Nov.

  • Sellers have been advised that the Company will be required to pay the Income Tax as shown due for each Seller participating in any Composite Tax Return.

  • An election to be included on a composite return (Form RI-1040C, Rhode Island Composite Tax Return) has not been made by the member (see Question 13).

  • Total from Composite Tax Return (D+E): Attach completed Schedule IT-20COMP..................................................................................11.

  • With respect to each Composite Tax Return filed pursuant to section 2.2 above, AGC or its designee shall compute the Subgroup Composite Tax liability of the AG.cxx Xxxgroup and, if necessary, the AGC Subgroup, in accordance with principles analogous to those set forth in section 3.1 above, and AG.cxx xxxll pay to AGC or AGC shall pay to AG.cxx, xx appropriate, the amount so determined.

  • Deductions, losses, or credits of any AG.cxx Xxxgroup Member arising in a period in which such AG.cxx Xxxgroup Member is not included in a Consolidated Income Tax Return or a Composite Tax Return may, under applicable law, be available for carryback to a Consolidated Return Year in which such AG.cxx Xxxgroup Member was so included.

  • GENERAL INSTRUCTIONSUse Form RI-4868C to apply for 6 more months to file Form RI-1040C, Rhode Island Composite Tax Return.

  • Line 7 Column A – IncomeEnter the amount of WV Distributive Income of Non-Residents filing on an IT-140NRC Non-Resident Composite Tax Return fromSchedule SP.

  • To the extent the carryback is not waivable or is not waived, AGC shall include such carryback in an amended Consolidated Income Tax Return or Composite Tax Return, as the case may be, and shall pay to AG.cxx xx amount equal to the reduction in Taxes of any AGC Subgroup Member attributable to such carryback.


More Definitions of Composite Tax Return

Composite Tax Return means any Tax Return in connection with any Composite Taxes and any amendment thereto.
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Related to Composite Tax Return

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Base Tax Year means the property tax levy year used

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Consolidated Return means a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Combined Return means any Tax Return (other than for Federal Income Taxes) filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination) or unitary basis wherein Holdings or one or more Holdings Affiliates join in the filing of such Tax Return (for any taxable period or portion thereof) with Continental or one or more Continental Affiliates.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Agreement combined tax rate means the sum of the tax rates: