Statutory Thresholds definition

Statutory Thresholds means the requirements prescribed by A.R.S. § 41-1525(B) pertaining to the minimum Capital Investment and minimum number of QEPs which a taxpayer must satisfy at a single location within a 12-month period ending on or before the close of the calendar year first following the calendar year in which the Authority issued its Pre- Approval Letter in order to claim Program tax credits.
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Examples of Statutory Thresholds in a sentence

  • Title This Act shall be known and cited as the “[State] Statutory Thresholds for Settlements Involving Minors Act.” Section 2.

  • Eligible taxpayers may participate in the Program for multiple tax years (and thereby earn first-year credits in up to three distinct tax years) after meeting the Statutory Thresholds just one time.

  • A taxpayer may substitute a successor employee for another employee who meets the same Statutory Thresholds as the original employee provided that the QEP was not vacant for more than ninety days from the date the QEP was originally filled to the end of the current tax year.

  • A taxpayer may satisfy the applicable Statutory Thresholds at different Locations under distinct Priority Placement Numbers pursuant to varying levels of capital investment and wages.

  • The pre-approval process is designed to provide assurance to taxpayers that Program credits will be available when they satisfy the Statutory Thresholds and to establish the requisite Statutory Thresholds to be applied for calculation of credits.

  • A Pre-Approval Letter does not guarantee the receipt of tax incentives under the Program because, among other reasons, a Pre-Approval Letter is issued before the Authority determines the taxpayer’s compliance with the Program’s Statutory Thresholds.

  • The taxable year in which either (i) both Statutory Thresholds are satisfied or (ii) the 12-month eligibility period terminates (“Tax Year One”; see Rules Section 1 above):$3,000 per net new QEP created during the taxable year.

  • No other form of payment is permitted.6 A Pre-Approval Letter, among other things, identifies the number of credits reserved for the taxpayer from the 10,000 credit Calendar Year Cap (which number will generally correspond to the number of first-year QEPs anticipated for creation by the taxpayer over the relevant three-year period) as well as the Designated Location at which the Statutory Thresholds will be satisfied.

  • In response, several agencies reported that they did not receive any requests for expedited processing, but of the agencies that did adjudicate such requests, fifty-one including thirteen of the fifteen cabinet departments reported that they were able to do so within an average of ten calendar days or less.

  • A taxpayer’s actual Job Creation and Capital Investment work together in a tiered framework for determining the applicable Statutory Thresholds.

Related to Statutory Thresholds

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Threshold means with respect to Party B: infinity.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Threshold Percentage means 15%.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of "BBB+".

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Average active subscriber base means the number arrived by averaging the active subscriber base count in the manner specified in the Schedule VII of the Regulation.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small purchase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisition threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsible for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its documented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR (48 C.F.R. Part 2, Subpart 2.1) for the simplified acquisition threshold. Recipients should determine if local government laws on purchasing apply. 2 C.F.R. 200.1, .320(a)(2)(ii)

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • Covered Debt Amount means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date.