Credit year definition

Credit year means the taxable year for which the member is com- puting the credit.

Credit year means the tax year in which costs are

Credit year means the year for which the credit is being claimed.

Examples of Credit year in a sentence

• If the first year of the credit period for a project begins with the taxable year when a building is placed- in-service, the owner must pay the annual compliance monitoring fee for the first Credit year for the entire project by the deadline in the RAC, and in any event no later than the first Monday in November of the year that the first building is placed-in-service.

• The Due Date for submission is May 10, or as extended by The Service or Staff, of the year due to The Service for the first Credit year.

• The Owner is required to provide to OHFA, for the first Credit year, a copy of the completed Part II 8609, 8609 Schedule A and Form 8586 that is submitted to the Internal Revenue Service.

• An applicant currently on the waiting list must submit a completely new application packet in the next funding round, which is a new Tax Credit year, to receive consideration for a Tax Credit commitment.

• MBOH may approve conversion of previously awarded Credits from the original Credit year of the Credits Awarded to a more recent Credit year (“Credit Refresh”) for Projects that have been issued a Carryover Allocation (Initial Allocation) and for which MBOH has approved such 10% Cost Certification.

More Definitions of Credit year

Credit year means the taxable year for which the member is computing the credit.

Credit year means the first taxable year following the taxable year in which the international trade

Credit year means the taxable year in which a qualified business entity claims the tax credit authorized under this subtitle.

Credit year means the taxable year in which the

Credit year means the taxable year for which the member is computing the RTMC.(3) Computation of the group credit. All members of a controlled group are treated as a single taxpayer for pur- poses of computing the RTMC. The group credit is computed by applying all of the section 45G computational rules (including the rules set forth in this section) on an aggregate basis.(4) Allocation of the group credit—(i) In general. (A) To the extent the group credit (if any) computed under para- graph (f)(3) of this section does not ex- ceed the sum of the stand-alone entity credits of all of the members of a con- trolled group, computed under para- graph (f)(4)(ii) of this section, such group credit shall be allocated among the members of the controlled group in proportion to the stand-alone entity credits of the members of the con- trolled group, computed under para- graph (f)(4)(ii) of this section: group credit that does not exceed sum of all the members’stand-along entity credits × member ’s stand-alone entity credit Sum of all the members’stand-alone entity credits. (B) To the extent that the group credit (if any) computed under para- graph (f)(3) of this section exceeds the sum of the stand-alone entity credits of all of the members of the controlled group, computed under paragraph(f)(4)(ii) of this section, such excess shall be allocated among the members of a controlled group in proportion to the QRTMEs of the members of the controlled group: (group credit less the sum of all the × QRTMEs of members that are eligible taxpayers members’stand-alone entity credits)sum of QRTMEs of all members that are eligible taxpayers. (ii) Stand-alone entity credit. The term stand-alone entity credit means the RTMC (if any) that would be allowable to a member of a controlled group if the credit were computed as if section 45G(e)(2) did not apply, except that the member must apply the rules provided in paragraphs (f)(5) (relating to consoli- dated groups) and (f)(8) (relating tointra-group transactions) of this sec- tion.(5) Special rules for consolidated groups—(i) In general. For purposes of applying paragraph (f)(4) of this sec- tion, a consolidated group whose mem- bers are members of a controlled group is treated as a single member of the controlled group and a single stand-

Credit year means the taxableyear for which the member is com- puting the credit.

Credit year means the taxable year in which the person realizes the net profit attributable to a patent. In the case of a license or lease to use patents, "credit year" means each taxable year during the term of the license or lease to use patents.