Qualifying Income definition

Qualifying Income. Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

Qualifying Income means gross income that is described in Section 856(c)(3) of the Code.

Qualifying Income means gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

Examples of Qualifying Income in a sentence

• We currently intend to rely on the PTP Safe Harbor, rather than the Qualifying Income Exception, to avoid being taxed as a corporation under the PTP rules.

• The MAS has also clarified that if such debt securities are subsequently redeemed prematurely pursuant to such standard early termination clauses before the 10th year from the date of issuance of such debt securities, the tax exemption granted under the QDS Plus Scheme to Qualifying Income accrued prior to such redemption will not be clawed back.

• The Administrator shall approve a Rental Applicant as a Qualified Tenant if the Rental Applicant: (1) is earning Qualifying Income for an average of at least thirty hours per week, or (2) demonstrates an intent to earn Qualifying Income for an average of at least thirty hours per week.

• FINANCIAL AND ADMINISTRATIVE COUNCIL (FINADMIN) Advices and supports on financial and administrative issues, extended missions for the RFS project.

• If we were not able to avoid taxation as a PTP by imposing transfer and redemption restrictions, we would investigate whether we could rely on the Qualifying Income Exemption from taxation as a partnership under the PTP rules.

More Definitions of Qualifying Income

Qualifying Income means income described in Sections 856(c)(2)(A) through (I) and 856(c)(3)(A) through (I) of the Code.

Qualifying Income means income described in Sections 856(c)(2)(A)–(H) and 856(c)(3)(A)–(I) of the Code, and “Tax Guidance” shall mean a reasoned opinion from outside counsel or a ruling from the IRS.

Qualifying Income means the sum of the following, to the extent included in North Dakota taxable income:

Qualifying Income has the meaning set forth in Section 11.3(b).

Qualifying Income shall have the meaning set forth in Section 7.7.

Qualifying Income shall have the meaning set forth in Section 4.11(a)(i).

Qualifying Income has the meaning set forth in Section 5.6(a).