Fiscal Tax Year definition

Fiscal Tax Year means the 12-month period established as the real estate tax year by the taxing authority having jurisdiction over the Leased Premises.
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Fiscal Tax Year means the twelve (12) month period established as the ad valorem tax year by the taxing authority having jurisdiction over the Center.
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Fiscal Tax Year is defined in Section 6.2. "Force Majeure" is defined in Article 23.
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Examples of Fiscal Tax Year in a sentence

  • Taxes become a lien at 12:01 a.m. Not yet due and payable for the Fiscal Tax Year starting July 1.

  • Thereafter title evidence must show taxes as a lien for the coming Fiscal Tax Year.

  • Subsequent to these events, and following the close of Fiscal Tax Year 1, Thrift A and Taxpayer underwent the corporate reorganizations described above involving Corporation B.

  • The Taxpayer claimed that such assets were completely worthless as of the first day of Fiscal Tax Year 1.

  • Thus, Thrift A should have been writing off amounts attributable to such goodwill under both GAAP and RAP in tax years prior to Fiscal Tax Year 1.

  • On Date i, Taxpayer filed an amended return (Form 1120X) for Fiscal Tax Year 1 for the purpose of claiming a loss under § 165(a) of the Code in the amount of $n with respect to the worthlessness of its supervisory goodwill.

  • The Taxpayer would not have recognized a loss under § 165 in Fiscal Tax Year 1 because of the timing of its Winstar litigation.

  • Consequently, even assuming that a tax basis in supervisory goodwill could be established, the Taxpayer is not entitled to claim a deduction in Fiscal Tax Year 1 under § 165(a) of the Code for the loss of Thrift A’s supervisory goodwill regardless of whether such tax claim is based on worthlessness, abandonment, or confiscation of that asset.

  • Further, even if the Taxpayer can establish a tax basis in supervisory goodwill, the Taxpayer can not establish its entitlement to a deductible loss in Fiscal Tax Year 1.

  • Taxpayer did not book any goodwill as an asset on its tax books attributable to these acquisitions.Taxpayer also did not claim any amortization or depreciation for such an asset for federal income tax purposes on its original returns for any tax year (including Fiscal Tax Year 1) following these acquisitions.


More Definitions of Fiscal Tax Year

Fiscal Tax Year is defined in Article 6.2(a)(i).
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Fiscal Tax Year is defined in Section 6.2.
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Fiscal Tax Year. A period of 12 consecutive months ending on the last day of June of each year, unless otherwise altered by Resolution of the Board.
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Related to Fiscal Tax Year

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

  • Base Tax Year means the property tax levy year used

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

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

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • 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.

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • 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.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

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

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

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

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

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • 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.

  • 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.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.