PRIRC definition

PRIRC means the Puerto Rico Internal Revenue Code of 1994, as amended.
PRIRC means the Internal Revenue Code for a New Puerto Rico, as amended (2011).
PRIRC means the Puerto Rico Internal Revenue Code of 1994, as amended from time to time, and the rules and regulations promulgated thereunder from time to time.

Examples of PRIRC in a sentence

  • Such significance has determined the States that have set up administrative courts8 to maintain the administrative appeal as a mandatory prerequisite for an action before administrative courts9.

  • The Companies and Plan management believe that the Plan is currently designed and operated in compliance with the applicable requirements of the 2011 PRIRC and the IRC, and the Plan and the related trust continue to be tax-exempt.

  • The Plan is exempt from Puerto Rico income taxes under the provisions of the Puerto Rican Internal Revenue Code (the "PRIRC"), enacted on January 31, 2011.

  • The Plan is intended to qualify under the provisions of Section 1165(e) of the Puerto Rico Internal Revenue Code of 1994, as amended (PRIRC), and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

  • The 2011 PRIRC modified rules concerning contribution limits, coverage requirements, non-discrimination testing, and other matters.

  • We fail to find the requirement for the mandatory distinction of UDP ports for uplink or downlink so we might have gone too far in TS 24.587 with the **method** and this needs to be rethought.

  • On August 18, 2018 we held our outdoor bluegrass service at10:00 a.m. which was well attended and enjoyed.Members of the Worship Committee, assisted by volunteers from the congregation, prepared the church and grounds for Lent and Easter.

  • The aggregate fair market value (determined as of the time the option is granted) of the Common Stock with respect to which stock options may be exercisable for the first time by any employee of the Bank, or of any parent or subsidiary thereof, during any calendar year (under the terms of this Qualified Plan and other qualified stock option plans of the Bank and any parent or subsidiary corporation that meet the requirements of Section 1046 of the PRIRC) shall not exceed $100,000.

  • Eligible Investments may include, without limitation, those investments issued by or made with the Bank or for which the Bank or the Trustee or an Affiliate of the Bank or the Trustee provides services and receives compensation.

  • While spending programs are reviewed every year by both the legislature and the administration in order to prepare the regular budget, tax expenditures are embedded in the PRIRC, and since they are outside the budget, they are not considered when the budget is prepared.


More Definitions of PRIRC

PRIRC means the Internal Revenue Code for a New Puerto Rico of 2011. “Procurement Manual” has the meaning set forth in Section 4.2(p) (Operator Responsibilities – Procurement Manual).
PRIRC. The term “PRIRC” shall mean the Puerto Rico Internal Revenue Code of 2011, as amended, and any regulations, circular letters, and administrative determinations of general application that the Puerto Rico Department of the Treasury may issue thereunder.
PRIRC has the meaning set forth in Section 3(s).

Related to PRIRC

  • IRC means the Internal Revenue Code of 1986, as amended.

  • Code Section 409A means section 409A of the Internal Revenue Code and the regulations thereunder.

  • IRAS has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Tax Code means the Internal Revenue Code of 1986, as amended.

  • Code means the Internal Revenue Code of 1986, as amended.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Limited Tenders means tenders invited from all or some Contractors on the approved or select list of Contractors with the Railway.

  • Professional employer services means services provided to a client company pursuant to a written

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Railway Code Systems means necessary systems within the meaning of the Systems Code;

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Agricultural employer means any person who owns or operates a farm, ranch, processing establishment, can- nery, gin, packing shed or nursery, or who produces or conditions seed, and Wage and Hour Division, Labor § 500.20 who either recruits, solicits, hires, em- ploys, furnishes, or transports any mi- grant or seasonal agricultural worker. Produces seed means the planting, cul- tivation, growing and harvesting of seeds of agricultural or horticultural commodities. Conditions seed means the in-plant work done after seed produc- tion including the drying and aerating of seed.

  • Similar Laws has the meaning set forth in Section 3.3(d).

  • TCGA means the Taxation of Chargeable Gains Xxx 0000;

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended; and

  • Treasury Regulations means regulations, including proposed or temporary regulations, promulgated under the Code. References herein to specific provisions of proposed or temporary regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations.

  • TCGA 1992 means the Taxation of Chargeable Gains Xxx 0000;

  • Smoker and nonsmoker mortality tables means mortality tables with separate rates of mortality for smokers and nonsmokers.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • SIMPLE IRA Means the individual retirement account which satisfies the requirements of Code Sections 408(p) and 408(a).

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • ITEPA 2003 means the Income Tax (Earnings and Pensions) Act 2003.