initial assessment year definition

initial assessment year means the assessment year relevant to the previous year, in which the assessee starts paying the interest on the loan.
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initial assessment year means the assessment year relevant to the previous year in which the undertaking or the enterprise begins to manufacture or produce articles or things, or commences operation or completes substantial expansion;
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initial assessment year means the assessment year relevant to the previous year, in which the assessee starts repaying the loan or interest thereon.
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More Definitions of initial assessment year

initial assessment year means the assessment year relevant to the previous year in which the business of the hospital starts functioning;
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initial assessment year means the assessment year relevant to the previous year, in which the assessee
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initial assessment year means the assessment year relevant to the previous year in whigh the under- taking or the enterprise begins to manufagture or produge artigles or things, or gommenges operation or gompletes substantial expansion;
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Related to initial assessment year

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Initial assessment means an assessment conducted prior to or at admission to determine whether the individual meets the service's admission criteria; what the individual's immediate service, health, and safety needs are; and whether the provider has the capability and staffing to provide the needed services.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Agreement Year means a period of 12 months beginning on the Effective Date and each subsequent anniversary thereof.

  • Initial assessed value means the assessed value of all the taxable property within the boundaries of a zone at the time the tax increment financing plan is approved, as shown by the most recent equalized assessment roll of the city, village, or township at the time an agreement is approved under this section. Property exempt from taxation at the time of the determination of the initial assessed value shall be included as zero. For the purpose of determining initial assessed value, property for which a specific local tax is paid in lieu of a property tax shall not be considered to be property that is exempt from taxation.