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 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 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 Tax Distributions payable with respect to a period shall be computed based upon the General Partner’s estimate of the allocable Net Taxable Income in accordance with Article V for such period, multiplied by the Assumed Tax Rate (the “Tax Amount”).
For purposes of computing the Tax Amount, the Net Taxable Income shall be determined without regard to any special adjustments of tax items required as a result of any election under Section 754 of the Code, including adjustments required by Sections 734 and 743 of the Code.
The Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the General Partner’s estimate of the highest allocable Net Taxable Income to the Unit in the hands of the applicable Partner in accordance with Article V, multiplied by the Assumed Tax Rate (the “Tax Amount”).
The aggregate Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the Managing Member’s estimate of the allocable Net Taxable Income in accordance with Article V, multiplied by the Assumed Tax Rate (the “Tax Amount”) and shall be made to Members pro rata in accordance with the Members’ respective Total Percentage Interest.

More Definitions of Net Taxable Income

Net Taxable Income shall have the meaning set forth in Section 6.2 hereof.

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

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 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 an amount determined pursuant to section 5;

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 is defined in Section 4.5(b).