First Taxable Year definition

First Taxable Year has the meaning assigned to such term in Section 3.20.
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First Taxable Year has the meaning assigned to such term in Section 5.10.
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Examples of First Taxable Year in a sentence

  • Rules Addressing the First Taxable Year an Organization Becomes an ATEO For the taxable year in which an organization becomes an ATEO, the applicable year begins on the date the organization becomes an ATEO and ends on December 31 of that calendar year (“short applicable year”).

  • The S corporation also should follow the instructions to the Form 1120S for filing an amended return..03 Special Rules for Taxpayers Whose First Taxable Year Ending After March 31, 2008, Ends Before December 31, 2008.

  • Third, GECC may be required to pay U.S. corporate income tax on any appreciation in the Initial GECC Portfolio that occurred in GECC's First Taxable Year, if GECC later sells or otherwise recognizes gain on the disposition of any of Initial GECC Portfolio.

  • Failure to comply with any of thereporting or notification requirements pro- vided by this section 3 will nullify a tax- payer’s attempted § 168(k)(4) election..02 Taxpayer’s First Taxable Year End- ing After March 31, 2008, Ends Before De- cember 31, 2008.

  • Second, GECC will be required to pay U.S. corporate income tax on income it earns during its First Taxable Year.

  • Failure to comply with any of the reporting or notification requirements provided by this section 3 will nullify a taxpayer’s attempted § 168(k)(4) election..02 Taxpayer’s First Taxable Year Ending After March 31, 2008, Ends Before December 31, 2008.

  • To comply with this requirement, GECC will be required to distribute all of its earnings and profits from its First Taxable Year to its stockholders, before the end of its Second Taxable Year.

  • A winning bid confirmation report shall include the basic terms for the privatization of the municipal property and the rights and obligations of the parties.

  • Before the end of its First Taxable Year, GECC will acquire the Initial GECC Portfolio and file an election to be regulated as a BDC under the 1940 Act.

  • The BDC Borrower shall timely file the RIC Election and shall maintain its status as a RIC under the Code with respect to the First Taxable Year and each of its taxable years ending thereafter.

Related to First Taxable Year

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Taxable means either:

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

  • Post-Distribution Period means any Taxable period (or portion thereof) beginning after the Distribution Date.

  • 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.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • 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;

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

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

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Taxable Date means the date on which interest on the Bonds is first includable in gross income of the Bondholder (including, without limitation, any previous Bondholder) thereof as a result of an Event of Taxability as such a date is established pursuant to a Determination of Taxability.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • First Year means the intake group of Students for the most junior class or year in a school.