Properly Allocable definition

Properly Allocable means with respect to any Allocable State Taxes the percentage of the total tax (not in excess of 100 percent) which the tax of the Reliant Retail Obligors if computed on a separate return would bear to the total amount of the taxes for all members of the group so computed.
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Properly Allocable or “Allocable” means properly allocable in accordance with the Cost Accounting System.
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Examples of Properly Allocable in a sentence

  • Lines 9 and 10—Application of Itemized Deduction Limitations on Deductions Properly Allocable to Investment Income Worksheet— continued Keep for Your RecordsPart IV—Reconciliation of Schedule A Deductions to Form 8960, Lines 9 and 10 (Individuals Only) (A)Reenter the amounts and descriptions from Part III, Line 10—Additional ModificationsUse line 10 to report additional deductions and modifications to net investment income that aren’t otherwise reflected on lines 1–9.

  • Treatment of Properly Allocable Deductions in Excess of Investment Income Proposed §1.1411-4(f)(1)(ii) provided that any deductions described in §1.1411- 4(f) in excess of gross income and net gain are not taken into account in determining net investment income in any other taxable year, except as allowed under chapter 1.

  • Net Operating Losses as a Properly Allocable DeductionProposed §1.1411-4(f)(1)(ii) provided that, in no event, will a net operating loss (NOL) deduction allowed under section 172 be taken into account in determining net investment income for any taxable year.

  • Treatment of Losses and Properly Allocable Deductions Under Section 1411 The AICPA believes that losses recognized in connection with taxable business and investment activities, the income of which is subject to section 1411, should be included in deductions properly allocable to such gross income or net gain described under section 1411(c)(1)(B).

  • Expenses Properly Allocable to StockIn order to determine the deductions “properly allocable” to stock of a specified 10-percent owned foreign corporation that is in the section 245A subgroup, the stock is first characterized for purposes of allocating and apportioning expenses under §1.861- 12 and, if applicable, §1.861-13.

  • Expenses Properly Allocable to Dividend IncomeProposed §1.904(b)-3(a)(1)(ii) provides that deductions “properly allocable” to dividends for which a section 245A deduction is allowed are disregarded.

  • Lines 9 and 10—Application of Itemized Deduction Limitations on Deductions Properly Allocable to Investment Income Worksheet— continued Keep for Your RecordsPart IV—Reconciliation of Schedule A Deductions to Form 8960, Lines 9 and 10 (Individuals Only) (A)Reenter the amounts and descriptions from Part III, Line 10—Additional ModificationsUse line 10 to report additional deductions and modifications to net investment income that aren’t otherwise reflected in lines 1–9.

  • Net Operating Losses as a Properly Allocable DeductionProposed §1.1411-4 (f) (1) (ii) provided that, in no event, will a net operating loss (NOL) deduction allowed under section 172 be taken into account in determining net investment[*104] income for any taxable year.

  • Unless otherwise agreed in writing between the Commissioner of Transportation and a Signatory Airline, in establishing the annual Tenant Fit Out Charges, the state shall divide the total debt service payments Properly Allocable to the cost of such finish and fit out work due over the term of the Series 2001 A Bonds by a fifteen (15) year term for the collection of such debt service, the annual charge so calculated to remain in effect until such total debt service payments have been fully collected.

  • Expenses Properly Allocable to Stock In order to determine the deductions‘‘properly allocable’’ to stock of a specified 10-percent owned foreigncorporation that is in the section 245A subgroup, the stock is first characterized for purposes of allocating and apportioning expenses under § 1.861–12 and, if applicable, § 1.861–13.

Related to Properly Allocable

  • Regulatory Allocations shall have the meaning set forth in Section 6.3.A(viii).

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Nonelective Contribution means an amount contributed by a participating

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Member Nonrecourse Debt Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Affected Gain has the meaning set forth in subparagraph 4(b) of Exhibit B.

  • Unrealized Gain attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of (a) the fair market value of such property as of such date (as determined under Section 5.5(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date).

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Liquidating Gains means any net gain realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net gain realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • Company Minimum Gain has the meaning given the term “partnership minimum gain” in Sections 1.704-2(b)(2) and 1.704-2(d) of the Regulations.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.