exemption amount definition
exemption amount means the exemption amount under section 290.0121,
exemption amount means the exemption amount under section 151(d) of the Internal
exemption amount means the exemption amount under section 290.0121, subdivision 1, paragraph (b), for the taxable year for which the income is reported;
More Definitions of exemption amount
exemption amount means the applicable exemption as provided by the Code, Section 55(d) as of December 31, 2002, except that tentative alternative minimum taxable income as determined under paragraph G must be substituted in the computation of the phase-out under the Code, Section 55(d)(3).
exemption amount means:
exemption amount means, (A) in the case of the PRR Group, an amount equal to the largest amount that both (i) does not exceed (but may equal) the PRR Group's Allocable Share and (ii) when multiplied by 0.724137931 does not exceed (but may equal) the NYC Group's Allocable Share, (B) in the case of the NYC Group, an amount equal to the product of (i) the PRR Group's Exemption amount and (ii) 0.724137931, and (C) in the case of all other Group's, the Exemption Amount shall be zero. The Parties agree and acknowledge that the calculation of the Exemption amount for the NYC Group and the PRR Group may be an iterative calculation and agree that such a calculation shall be made with the goal of determining, and in a manner that will result in, the largest Exemption Amount for each. The Exemption Amount shall only apply to offset Taxes described in Section 2.01(a).
exemption amount means the exemption amount under section 290.0121, subdivision 1, paragraph (b).
exemption amount means the exemption amount under section 151(d) of the Internal Revenue Code for the taxable year for which the income is reported; "retirement base amount" means the deductible amount for the taxable year for the claimant and spouse under section 219(b)(5)(A) of the Internal Revenue Code, adjusted for inflation as provided in section 219(b)(5)(C) of the Internal Revenue Code, without regard to whether the claimant or spouse claimed a deduction; and "traditional or Roth style retirement account or plan" means retirement plans under sections 401, 403, 408, 408A, and 457 of the Internal Revenue Code. $4,150. For refunds payable after December 31, 2018, the commissioner shall annually adjust the $4,150 by the percentage determined pursuant to the provisions of section 1(f) of the Internal Revenue Code, as amended through March 31, 2018. The exemption amount as adjusted for inflation must be rounded to the nearest $50. If the amount is not a multiple of $50, the commissioner shall round down to the next lowest multiple of $50. The determination of the commissioner under this subdivision is not a rule under the Administrative Procedure Act, including section 14.386; and
exemption amount means the applicable exemption as provided by the Code, Section 55(d) as of December 31, 2002, except that tentative alternative minimum taxable income as determined under
exemption amount shall have the meaning set forth in Section 12.5(b). “Exercise Notice” shall have the meaning set forth in Section 14.3.