Current Year Loss definition

Current Year Loss means the amount, if any, by which a school district's per-pupil primary State aid allotment in any school year after the 2017-2018 school year is less than its Per-pupil Hold Harmless State Funding, after accounting for any supplemental grants to the school district pursuant to paragraphs (2) and (3) of subsection (h) of this Section.
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Current Year Loss means the amount, if any, by which a
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Examples of Current Year Loss in a sentence

  • For other ITRs the same may be adjusted in Current Year Loss Adjustment or carried forward to future years.

  • For other ITRs the same may be adjusted in Current Year Loss Adjustment or carried forward for future years.

  • Adjustment for Current Year Loss Offset – Complete this line if the combined group is a 100% Wisconsin group and there are some members with net income from the unitary business and others with net loss from the unitary business, as computed on line 2.

  • Current Year Loss RatioThe claims ratio relating to business for which insurance cover has been provided during the current financial period.

  • Because contextualization is a labor-intensive initiative, it will be necessary to select courses for implementation.

  • Further Loss to be Provided for (Total Loss ` 850 Cr Less Current Year Loss ` 392.40 Cr.)` 457.60 Crores5.

  • Adjustment for Current Year Loss Offset – In general, complete this line only if the combined group is a 100% Wisconsin group and there are some members with net income from the unitary business and others with net loss from the unitary business, as computed on line L1.

  • In any year in which a loss applied or an opening loss balance for Alberta purposes differs from the corresponding loss applied or opening loss balance for federal purposes, the corporation must file an “Alberta Calculation of Current Year Loss and Continuity of Losses - AT1 Schedule 21” (Form AT173) and an “Alberta Income/Loss Reconciliation - AT1 Schedule 12” (Form AT112).

  • The foreign national or stateless person who has expressed his or her intent to seek international protection shall be registered with the authority in charge of border and migration matters, which shall then refer the case within 72 hours to the authority responsible for asylum and refugees.

  • Current Year Loss Relief: The following conditions must be satisfied to enjoy loss relief on Current year basis:  The trade loss can be set off against the current year’s gains or profits from other sources of income.

Related to Current Year Loss

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Floating Profit/Loss in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable).

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Agreement Year means each twelve (12) month period of the term of this Agreement beginning on the first day of the calendar year except for the “First Agreement Year” which shall mean the period commencing on the Effective Date and ending on December 31, 2003.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Excess Contribution means a contribution that exceeds the

  • Base Year means the period set forth in Section 5 of the Summary.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.