Federal credit definition

Federal credit means (a) for a transfer, the maximum amount
Federal credit means the credit allowed under section 47(a)(2) of the Internal Revenue Code.

Examples of Federal credit in a sentence

  • Accounts Payable to the U.S. Treasury - Intragovernmental Other LiabilitiesAccounts Payable to the U.S. Treasury are liabilities to the General Fund of the U.S. Government and include the results of the reestimate of the portfolio’s expected losses as required under the Federal Credit Reform Act of 1990 (FCRA).

  • EXIM’s operations subsequent to September 30, 1991, are subject to the provisions of the Federal Credit Reform Act (FCRA), which became effective October 1, 1991.

  • Since FY 1992, when the Federal Credit Reform Act of 1990 (FCRA) became effective, EXIM has sent a net $8.8 billion to the U.S. Treasury for repayment of U.S. debt.

  • Other financial information related to the Bank included elsewhere in the report is presented on a basis consistent with the financial statements.EXIM’s operations fall under the provisions of the Federal Credit Reform Act of 1990.

  • The annual State Credit dollar amount will equal that of the Federal Credit.


More Definitions of Federal credit

Federal credit means the maximum amount of the credit for state death taxes allowable by § 2011
Federal credit means the 4% Credit and/or 9% Credit, as specified or implied in context.
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 taxes allowed by section 2011 of the Internal Revenue Code. This credit is calculated using an "adjusted taxable estate" figure, which is simply the taxable estate, less sixty thousand dollars. However, when the term "federal credit" is used in reference to a generation-skipping transfer (GST), it means the maximum amount of the credit for state taxes allowed by section 2604 of the Internal Revenue Code;