Newly Established Business definition

Newly Established Business means a business which was not engaged in tobacco retailing within the County of Kern during the immediately preceding permit renewal period.
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Newly Established Business means a business in which neither the owner or operator, nor any person from whom the owner or operator acquired the business, engaged during the immediately preceding calendar year. The following shall not be considered newly established businesses:
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Newly Established Business means a business whose date of commencement of commercial operation is no more than 24 months prior to the date of its application under section 11 of this BillAct; Section 17An investment allowance may be granted to a business (regardless of its date of commencement of commercial operation) by the Ministry under section 19 of this BillActat a specified percentage not exceeding 100% of the amount of the fixed capital expenditure incurred for an Approved Project. Section 23 Prohibition on disposal of assetA business shall not sell, lease out, or otherwise dispose of any asset in respect of which an investment allowance has been granted within 7 years from the commencement of its qualifying period referred to in section 19(3) of this BillAct, unless the business has obtained the written approval of the Ministry.Section 24 Recovery of tax on disposal of assetWhere, within 7 years from the commencement of its qualifying period referred to in section 19(3) of this BillAct, a business has sold, leased out, or otherwise disposed of any asset in respect of which an investment allowance has been granted, an amount equal to the aggregate of the investment allowance granted in respect of that asset shall be recovered by way of an assessment or reassessment to recover any tax in respect of any income that was not subject to tax because of the investment allowance. Section 25 DefinitionsIn this Chapter, unless the context otherwise requires:
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Examples of Newly Established Business in a sentence

  • To achieve this, the Company issued the “Regulations on the Establishment of New Business Units” and the “Commissioning Procedures for Newly Established Business Units” in order to ensure that feasibility studies and approvals with regard to new establishment of new units and outlets are properly carried out.

  • If the taxpayer was not required to file a re­ turn with the other jurisdiction, the following• W­2 that lists the wage taxes paid and the name of the taxing jurisdiction.• A statement from the business entity that filed a tax return based on income that lists the taxpayer’s share of the income taxed by the other jurisdiction, the name of the tax, and the taxpayer’s share of the tax paid (e.g., Philadelphia Net Profits Tax, New York City Unincorporated Business Tax).

  • Subscriber Organization shall pay to Company the following fees: $1,000 Application Fee (once) All applicable interconnection costs, fees and expenses $5/kW AC Program Administration Fee (annually), from the Commercial Operations Date Such other fees as the PUC may establish for the CBRE Program Except for the Application Fee which is due at the time of application, Company shall invoice Subscriber Organization for payment to Company of the foregoing fees.

  • Where a Person subject to the tax acquires a Business, unless that Business is a Newly Established Business, the Business shall be deemed a continuation of the previous Business and all activities of the Business, whether occurring before or after the acquisition, shall be considered in calculating the amount of any tax due from the Person.

  • The number of certificates authorized to be issued and outstanding will be unlimited.

  • No business shall be regarded as a Newly Established Business if:(1) the business was derived from an Existing Business including through splitting up or reconstruction of an Existing Business, or transfer of plant or machinery previously used for any purpose, or change of ownership; and(2) the business is determined by the Ministry to have been established for the main purpose of being treated as a Newly Established Business under Chapter 2 of the Act.


More Definitions of Newly Established Business

Newly Established Business means a business which was not engaged in during the immediately preceding business tax period specified for that kind of business. A business to which a valid existing registration certificate is transferred pursuant to the provisions of Sec. 21.11 is not a newly established business, and shall be taxed as if the ownership had not changed. The following shall not be considered newly established businesses:
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Newly Established Business means a business whose date of commencement of commercial operation is no more than 24 months prior to the date of this application.
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Related to Newly Established Business

  • Qualified business means an eligible business that:

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Excluded Business has the meaning set forth in Section 6.10.

  • Qualified business facility means any building, complex of

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Established business relationship means a relationship between a seller and a consumer based on:

  • City-based business means a person who (i) conducts meaningful day-to-day business operations at a facility located within the city and reports such facility to the Internal Revenue Service as a place of employment for the majority of its regular, full-time workforce; (ii) holds any appropriate city license; and (iii) is subject to applicable city taxes.

  • Home-based business means an accessory use to an authorised residential use in which one or more residents carry on a business, and for greater certainty, includes a bed and breakfast, but does not include child care.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Acquired Business means the entity or assets acquired by the Borrower or another Loan Party in an Acquisition, whether before or after the date hereof.

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Controlled unaffiliated business means a company:

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Authorized business means 1 of the following:

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • Restricted Business has the meaning set forth in Section 6.7(a).

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Disadvantaged Business Enterprise (DBE) means a firm certified as such by the Department in accordance with 49 CFR Part 26.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Certified business means a business verified as a minority- or women-owned business enterprise pursuant to Section 314 of the Executive Law.