Subsidiary capital definition

Subsidiary capital means the total of the investment of the taxpayer in shares of stock of its subsidiaries, and the amount of indebtedness owed to the taxpayer by its subsidiaries, whether or not evidenced by written instrument, on which interest is not claimed and deducted by the subsidiary for purposes of any tax imposed by Subchapter 2 or 3, Chapter 6 of Title 11 of the Administrative Code.

Subsidiary capital means investments in the stock of subsidiaries and any indebtedness from subsidiaries (other than accounts receivable) on which interest is not claimed and deducted by the subsidiary on a General Corporation Tax or Banking Corporation Tax return, minus total liabilities directly or indirectly attributable to subsidiary capital. A subsidiary is a corporation whose stock is more than 50 percent owned by the taxpayer.

Subsidiary capital means the total of the invest- ment of the taxpayer in shares of stock of its sub- sidiaries, and the amount of indebtedness owed to the taxpayer by its subsidiaries, whether or not evi- denced by written instrument, on which interest is not claimed and deducted by the subsidiary for purposes of any tax imposed by Subchapter 2 or 3, Chapter 6 of Title 11 of the Administrative Code. Subsidiary capital does not include accounts receivable acquired in the ordinary course of trade or business either for services rendered or for sales of property held primarily for sale to customers. Each item of subsidiary capital must be reduced by any liabilities of the taxpayer (parent) payable by their terms on demand or within one year from the date incurred, other than loans or advances outstanding for more than a year as of any date during the year covered by the report which are attributable to that item of subsidiary capital.

Examples of Subsidiary capital in a sentence

• Subsidiary capital percentage (If line L is zero, the subsidiary capital percentage is equal to the asset percentage.

• Liabilities directly attributable to: Subsidiary capital 2.Investment capital 3.

• On March 26, 2021, Co-Invest II, purchased 433,196 shares of Common Stock for $5,000,000.83.On February 8, 2022, Co-Invest II acquired 1,600,000 shares of Common Stock in the IPO at the public offering price of $15.00 per share.

• Liabilities directly attributable to: Subsidiary capital 2.Investment capital 3.Business capital 4.Add: lines 2, 3, and 4 5.Subtract: line 5 from line 1 6.Enter amount from either:Sch.

• Subsidiary capital.................................................

• Subsidiary capital .................................................

• Subsidiary capital: the amount of regulatory capital invested in subsidiaries.This co-ordinated approach to capital management serves an impor- tant business function.

• Any other provision of this Agreement notwithstanding, neither the Surviving Corporation nor Company shall be liable to a holder of Subsidiary capital stock or Bank Common Stock for any amounts paid or property delivered in good faith to a public official pursuant to any applicable abandoned property law.

• Subsidiary capital is defined by section 1450(e) of the Tax Law and instructions for Form CT-32-A, line 45.Column DEnter the average value of current liabilities attributable to each subsidiary.

• Subsidiary capital is defined by Tax Law section 1450(e) and the instructions for line 47.

More Definitions of Subsidiary capital

Subsidiary capital means the total of the investment of the taxpayer in shares of stock of its subsidiaries, and the amount of indebtedness owed to the taxpayer by its subsidiaries, whether or not evidenced by writ-