Net Taxable Income definition

Net Taxable Income has the meaning set forth in Section 4.01(b)(i).
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Net Taxable Income has the meaning set forth in Section 4.01(b)(i) of this Agreement.
Net Taxable Income has the meaning set forth in Section 7.2(a).

Examples of Net Taxable Income in a sentence

The Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the General Partner’s estimate of the allocable Net Taxable Income in accordance with Article V, multiplied by the Assumed Tax Rate (the “Tax Amount”).

The after- deductions result is the Net Taxable Income to which a 25% tax rate is the Re- sulting Income Tax from which applicable Tax Credits are subtracted to find the Income Tax Liability.

Enter each parent's Net Taxable Income in the appropriate Line 3 column.

Notwithstanding anything provided in this Section 4.01(b), the General Partner shall not be required to cause the Partnership to make Tax Distributions with respect to 2009 and 2010 Net Taxable Income but may make such Tax Distributions to the extent of APO Corp.’s actual tax liability.

The “Tax Amount” is the product of (i) the Effective Tax Rate and (ii) the Company’s Cumulative Net Taxable Income.


More Definitions of Net Taxable Income

Net Taxable Income means the amount certified by the State 19 Comptroller for the second completed calendar year before the school year for which
Net Taxable Income shall have the meaning set forth in Section 6.2 hereof.
Net Taxable Income means the amount certified by the State Comptroller for the second completed calendar year before the school year for which the calculation of State aid under this section is made, based on tax returns filed on or before September 1 after this calendar year.
Net Taxable Income means the amount of taxable income calculated as if the Project were a stand-alone entity (but including any reasonable and customary cost allocations). Taxable income will be determined using tax accounting methods utilized by Lessee in computing their U.S. corporate taxable income.
Net Taxable Income means the amount by which the cumulative taxable income or gain for all years from the first taxable year of the Borrower beginning after the Closing Date to the year of determination exceeds the cumulative tax loss of the Borrower for all such years (and, for the avoidance of doubt, taking into account the deductibility of state income taxes for United States federal income tax purposes).
Net Taxable Income and "Net Tax Losses" mean the Company's taxable income or loss determined in accordance with Code Section 703(a) for each of its Fiscal Years (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(l) will be included in taxable income or loss) with the following adjustments: (i) such Net Taxable Income and Net Tax Losses will be computed as if items of tax-exempt income and nondeductible, non-capital expenditures (under Code Section 705(a)(l)(B) and 705(a)(2)(B)) were included in the computation of taxable income or loss; (ii) that any items specially allocated pursuant to Article 6 hereof shall not be taken into account in computing Net Taxable Income or Net Tax Losses; (iii) if any Member contributes property to the Company with an initial book value to the Company different from its adjusted basis for federal income tax purposes to the Company, or if Company property is revalued in accordance with Treasury Regulations Section 1.704-1 (b)(2)(iv)(f) or as otherwise required by the Regulations, Net Taxable Income and Net Tax Losses will be computed as if the initial adjusted basis for federal income tax purposes to the Company of such contributed or revalued property equaled its initial book value to the Company as of the date of contribution or revaluation; and (iv) credits or debits to Capital Accounts due to a revaluation of Company assets in accordance with Treasury Regulations Section 1 .704-l(b)(2)(iv)(f), or due to a distribution of non-cash assets as provided in Section 12.2 hereof, will be taken into account as gain or loss from the disposition of such assets for purposes of computing Net Taxable Income and Net Tax Losses.
Net Taxable Income or "Net Taxable Loss" means, for or with respect ------------------ ---------------- to a particular fiscal quarter of a Fiscal Year or to a Fiscal Year, as the case may be, an amount equal to the Company's taxable income or loss for such fiscal quarter or Fiscal Year, as the case may be, determined in accordance with section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction are required to be stated separately pursuant to section 703(a)(1) of the Code shall be included in the computation of taxable income or loss).