Qualified Basis definition

Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.

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Qualified Basis has the meaning given to it in Section 42(c) of the Code.

Qualified Basis means the qualified basis of the

Examples of Qualified Basis in a sentence

• Noncompliance includes, but is not limited to (a) failure to receive or failure to permit the Authority to inspect tenant income certifications, supporting documentation and/or rent records, (b) upon inspection, noncompliance with provisions of Section 42 of the Code, and (c) any change in the applicable fraction or eligible basis of the Project that would result in a decrease in the Qualified Basis.

• Noncompliance includes, but is not limited to (a) failure to receive or failure to permit the Authority to inspect tenant income certifications, supporting documentation and/or rent records, (b) upon inspection, noncompliance with provisions of Section 42 of the Code, and (c) any change in the applicable fraction or eligible basis that would result in a decrease in the Qualified Basis.

• Noncompliance includes, but is not limited to (a) failure to receive or failure to permit the Authority to inspect tenant income certifications, supporting documentation and/or rent records, (b) upon inspection, non-compliance with provisions of Section 42 of the Code, and (c) any change in the applicable fraction or eligible basis that would result in a decrease in the Qualified Basis.

• Qualified Basis: Acquisition Rehabilitation $1,466,084 $370,970 6.

• To calculate the annual Credit amount, multiply the Qualified Basis of the Project (Line 4) by the Credit Percentage (Line 5).

More Definitions of Qualified Basis

Qualified Basis as set forth on the Summary Page.

Qualified Basis means qualified basis as defined in Section 42(c) of the Code. CC. “Qualified Census Tract” means areas of the State which meet the requirements of

Qualified Basis means qualified basis as defined in Section 42(c)(1) of the Code.

Qualified Basis means the qualified basis determined under section 42 (c) (1) of the Internal Revenue Code.

Qualified Basis means the amount equal to the applicable fraction of the

Qualified Basis means the portion of the Eligible Basis attributable to low-income dwelling units pursuant to Section 42(c) of the Code.

Qualified Basis means the qualified basis determined under section 42 (c)