CONVERSION TAX definition

CONVERSION TAX means any tax which is attributable to income which must be recognized by QCC by reason of it being required to change from the cash method to the accrual method of accounting for Federal income tax purposes.
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CONVERSION TAX means the additional land revenue leviable under Section 47-A of the Code”
Sample 1

Examples of CONVERSION TAX in a sentence

  • We authorize you to debit my / our account number and effect the Forex Card funding, as detailed above, along with your applicable charges i.e. Foreign Conversion Tax, Commission and Service Tax.

  • Name of the Statute Nature of the dues Amount `Period to which the amount relatesDue DateDate of paymentAP AL (CFNAP) Act, 2006Land Conversion Tax 151,061 2010 -11 - Not yet paid 52,560 2008-09 30.04.2009OSPCB Water Cess O S Govt.

  • The Qualified Office Conversion Tax Credit would be available to spaces that are 25 years or older.

  • It works best with real estate whose value has dropped to a point where the incremental value created by the conversion far exceeds its incremental cost." Response: The Qualified Office Conversion Tax Credit incentivizes affordable housing by requiring that residential conversions provide a minimum of 20% of units for affordable housing.

  • The proceeds of the other Loans will be used only (i) to finance the working capital needs and general corporate purposes of the Borrower and its Subsidiaries in the ordinary course of business, (ii) to finance Permitted Acquisitions and (ii) pay the Conversion Tax Payment.

  • For the Revitalizing Downtowns Act and the subsequent creation of the Qualified Office Conversion Tax Credit, arguments could include:1.

  • Larson (CT-01) introduced The Revitalizing Downtown Act, which will create the Qualified Office Conversion Tax Credit.This proposed tax is modeled after the Federal Historic Tax Credit (HTC), which has been in existence since 1976.

  • These options are considerably cheaper than a conversion."Response: The Qualified Office Conversion Tax Credit is a tool that can be used to convert spaces by owners or developers who have an interest in adaptive reuse.

  • DOWNTOWN.ORG INTRODUCTIONThe International Downtown Association (IDA) and several national and local placemaking organizations have formed the Revitalize our Cities coalition to support federal legislation to create a Qualified Office Conversion Tax Credit.

  • Table 6.1: Revenue from Registration Duty, Land Transfer Tax, Campement Site Tax, Campement Tax and Land Conversion Tax, 1999/00 to 2002/03Rs million 1999/002000/012001/022002/03Registration duty960.41,017.11,027.91,060.5Land transfer tax158.3175.7175.4224.0Stamp duty* Item "Other" includes Capital Gains (Morcellement)Tax, Tax on transfer of leasehold rights in State land, Mortgage Fees and arrears of Succession Dues.

Related to CONVERSION TAX

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Central Bank Rate Adjustment has the meaning given to that term in the Reference Rate Terms.

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • MUNICIPAL TAXABLE INCOME means the following:

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, (ii) 70% of the lowest Closing Sale Price of the Common Stock during the twenty (20) consecutive Trading Day period ending and including the date of delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.