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.c▇▇ ▇▇▇group 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.c▇▇ ▇▇▇group 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

  • Deductions, losses, or credits of any AG.c▇▇ ▇▇▇group Member arising in a period in which such AG.c▇▇ ▇▇▇group 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.c▇▇ ▇▇▇group Member was so included.

  • In filing any Consolidated Income Tax Return or Composite Tax Return for any Consolidated Return Year, AGC shall make all computations of taxable amounts and Taxes on a basis consistent with the computations of such amounts in prior Tax Returns for the respective Taxing jurisdictions except to the extent otherwise required by the laws, rules, or regulations of the applicable Taxing authority or as a result of a change in circumstances.

  • Composite Tax Returns for periods ending on or before the Closing Date shall be prepared by Deloitte in accordance with the procedures in Section 5.9(a) and the costs and expenses of such preparation shall be a Transaction Expense; any other Composite Tax Return which includes any of the Sellers shall be prepared by Buyer.

  • Deltek has obtained from each shareholder who has been, or will be, included in a Composite Tax Return an authorization to file the Composite Tax Return and to pay Composite Taxes on behalf of such shareholder.

  • 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.c▇▇ ▇▇ amount equal to the reduction in Taxes of any AGC Subgroup Member attributable to such carryback.

  • 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.c▇▇ ▇▇▇group and, if necessary, the AGC Subgroup, in accordance with principles analogous to those set forth in section 3.1 above, and AG.c▇▇ ▇▇▇ll pay to AGC or AGC shall pay to AG.c▇▇, ▇▇ appropriate, the amount so determined.

  • 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.


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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