Federal credit definition

Federal credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.
Federal credit means the 4% Credit and/or 9% Credit, as specified or implied in context.
Federal credit means (a) for a transfer, the maximum amount

Examples of Federal credit in a sentence

  • Similarly, a convertible debt obligation issued by a cemetery company or crematorium after July 7, 1975, is considered an interest in the net earnings of the organization.[T.D. 7698, 45 FR 33972, May 21, 1980] § 1.501(c)(14)–1 Credit unions and mu- tual insurance funds.Credit unions (other than Federal credit unions described in section 501(c)(1)) without capital stock, orga- nized and operated for mutual purposes and without profit, are exempt from tax under section 501(a).

  • Federal credit unions are required by regulation to establish a time limit, not to exceed 45 calendar days, for a member to either deposit funds or obtain an approved loan from the credit union to cover each overdraft.

  • The Federal Credit Union Act author- izes Federal credit unions to aggregate their funds in trusts provided the trust is limited to such investments that Federal credit unions could otherwise make.

  • The substantive review of the Guarantee Application will include due diligence, underwriting, credit risk review, and Federal credit subsidy calculation, in order to determine the feasibility and risk of the proposed Bond Issue, as well as the strength and capacity of the Qualified Issuer and each proposed Eligible CDFI.

  • Eligible CDFIs may not use Bond Loans to refinance existing Federal debt or to service debt from other Federal credit programs.


More Definitions of Federal credit

Federal credit means the credit allowed under section 47(a)(2) of the Internal Revenue Code.
Federal credit means the maximum amount of the credit for state death taxes allowable by § 2011
Federal credit means the maximum amount of the credit for state death taxes allowable by § 2011 of the United States Internal Revenue Code of 1954, as amended or renumbered, or successor provision, in respect to a decedent's taxable estate. The term "maximum amount" shall be construed as to take full advantage of such credit as the laws of the United States may allow. In no event, however, shall such amount be less than the federal credit allowable by § 2011 of the Internal Revenue Code as it existed on January 1, 1978.
Federal credit means the credit allowed under section 47(a) of the Internal Revenue Code, except that the amount allowed is deemed to be allocated in the taxable year that the project is placed in service.
Federal credit means the maximum amount of the credit for state death taxes allowable by Section 2011 of the Internal Revenue Code. The term "maximum amount" shall be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code;
Federal credit means the maximum amount of the credit for state death taxes allowable by Internal Revenue Code Section 2011. The term “maximum amount” must be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code Section 2011, but (a) only after taking into account other federal estate tax credits permitted by the Internal Revenue Code and (b) not in excess of the amount necessary to reduce the federal estate tax to zero.
Federal credit means the 4% Credit and/or 9% Credit, as specified or implied in context the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.