Minimum Tax Credit definition

Minimum Tax Credit shall have the meaning assigned to it in Section 2.03.
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Minimum Tax Credit is defined in section 5 hereof.
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Examples of Minimum Tax Credit in a sentence

  • Enter smaller of line 18 or line 21$ 900Part III.Computation of Minimum Tax Credit CarryoversLine 23- Enter amount from line 18 part II$ 1,100Line 24- Enter amount from line 22 part II900Line 25- Carryforward of minimum tax credit to 1990.

  • Enter smaller of line 18 or 21.$ 1,140Part III.Computation of Minimum Tax Credit Carryovers Line 23- Enter amount from line 18 part II$ 1,380Line 24- Enter amount from line 22 part II$ 1,140Line 25- Carryforward of minimum tax credit to 1990.

  • Such estimated range is based on management’s current assumptions with respect to, among other things, Alternative Minimum Tax Credit carry forwards, which may still be used to offset the Company’s regular tax liability, beginning in 2018 and any excess amounts can be refunded by 2022.

  • During the 2018 legislative session, the Iowa Alternative Minimum Tax Credit available for a corporation is repealed for tax years beginning on or after January 1, 2022, reflecting the elimination of the Iowa Alternative Minimum Tax effective January 1, 2021.

  • Program Description Based on Code Language and Administrative Rules: A taxpayer may be eligible for the Iowa Alternative Minimum Tax Credit if they paid Iowa alternative minimum tax in previous years based on tax preferences and adjustments.

  • Notwithstanding Section 2(c) hereof, in the event that regulations are promulgated which do not permit the Minimum Tax Credit to be allocated among the members of the Tridex Group in the manner set forth herein, Tridex or TransAct, as the case may be, will be obligated to make a payment to the other in an amount equal to the excess of the Minimum Tax Credit that is allocated to it and its Members by such regulations over that which would be allocated to it pursuant to Subsection 5(a)(i) above.

  • See Tax Law sections 208.8-B, 210.1(c), and 210.3-a; and TSB-M-90(13)C, Computation of Minimum Taxable Income Base and Minimum Tax Credit, and TSB-M-94(5)C, Computation of Minimum Taxable Income and Minimum Tax Credit.The Tax Law also provides for a minimum tax credit, available for use against tax computed on the ENI base.

  • A corporation is allowed the Minimum Tax Credit for minimum tax paid for tax years beginning on or after January 1, 1987 and before January 1, 2021.

  • See Effect of Sequestration on the Alternative Minimum Tax Credit For Corporations, available online at https://www.irs.gov/businesses/effect-of-sequestration-on-the-alternative-minimum-tax-credit-for- corporations (Oct.

  • During the 2019 legislative session, the Iowa Alternative Minimum Tax Credit available to be claimed against franchise tax is repealed for tax years beginning on or after January 1, 2022, reflecting the elimination of the Iowa Alternative Minimum Tax effective January 1, 2021.

Related to Minimum Tax Credit

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • total allowable catch (TAC) means:

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

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

  • relevant minimum wage means the minimum wage and includes any incremental adjustment prescribed in this award for the class of work for which an employee is engaged

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Maximum allowable cost list means a list of drugs for

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • Base Tax Year means the property tax levy year used

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).