Examples of Relevant Property in a sentence
An automatic increase will be applied to the 2022-2023 fiscal year under the following circumstances: • If the May 2022 year over year Relevant Property Tax Revenue for the District shows an annual increase of at least 4.5%, but less than 5%, faculty will be given a salary increase for 2022-2023 of .5% over the 3.0%, for a total annual raise of 3.5%.
The current use of each Relevant Property is a lawful use for planning or zoning purposes.
The Relevant Property Requirement is satisfied because, immediately before the Distribution and as part of a Plan, C holds P Relevant Property (Asset 1) the gain on which was not recognized in full at any point during the Plan Period, and some of the C stock distributed in the Distribution was acquired by D in exchange for Asset 1.
The Division of Relevant Property Requirement is satisfied because immediately after the Distribution, D continues to hold Relevant Property of P, and therefore, as part of a Plan, P’s Relevant Property has been divided between C and D.
Therefore, for example, Relevant Property acquired during the Plan Period by a corporation that is a transferor (as to a later F reorganization) is treated as having been acquired directly (and from the same source) by the transferee (as to the later F reorganization) during the Plan Period.