Corporate Tax Credit definition

Corporate Tax Credit is a negative separate return tax of a Company for a tax year, equal to the amount by which the consolidated tax is reduced by including a net corporate taxable loss or other net tax benefit of such Company in the consolidated tax return.
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Examples of Corporate Tax Credit in a sentence

  • Line 7 - Tax CreditsTo take a franchise tax credit on Line 7, corporations must complete Form CD-425, Corporate Tax Credit Summary, and file it with the tax return.

  • Combined groups eligible to claim income tax credits shall complete Form CD-425, Corporate Tax Credit Summary, on a combined basis and file it with the group's income tax return.

  • The law applies to public, charter, and private schools that accept scholarship funds under the Corporate Tax Credit Scholarship Program or the McKay Scholarship Program.

  • Public School Choice: Yes Intradistrict/mandatoryFlorida Statutes Section 1002.38 Interdistrict/voluntaryFlorida Statutes Section 1002.31 Charter Schools: Yes Florida Statutes Section 1002.33 Private School Choice: Yes McKay Scholarships for Students With DisabilitiesFlorida Statutes Section 1002.39 Voluntary Pre-kindergarten Education ProgramFlorida Statutes Section 1002.53 Corporate Tax Credit Scholarships Florida Statutes Section 220.187continued on next page RELEVANT CASE LAW Bush v.

  • Ohio Edison owns a 9.0% limited partnership interest in McDonald Corporate Tax Credit Fund - 1995 Limited Partnership.

  • With regard to the statistics of the first half of 2016, 11 journalists, bloggers and critic publishers who critized the government, its particular figures,decisions and local governmental agencies severely and sometimes by impelling the limits of freedom of expression are in prison.

  • Ohio Edison owns a 12.37% limited partnership interest in McDonald Corporate Tax Credit Fund Limited Partnership.

  • Corporate Tax Credit Federal(All States)NY CLS Tax, Article 1, § 19 - Green Building Tax Credit for business and personal income taxpayers.

  • Line 7 - Tax Credits To take a franchise tax credit on Line 7, corporations must complete Form CD-425, Corporate Tax Credit Summary, and file it with the tax return.

  • Corporate Tax Credit Federal(All States) A.R.S. §43-1085 - The tax credit is equal to 10% of the installedcost of qualified “solar energy devices” and applies to taxable yearsbeginning January 1, 2006 and extending through December 31,2012.

Related to Corporate Tax Credit

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • 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.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Base Tax Year means the property tax levy year used

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

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

  • 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.

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

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • 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.

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Anticipated county property tax revenue availability means the

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • 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.

  • 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.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • Property tax increment means the amount obtained by: