Tax Benefit Period definition

Tax Benefit Period means, with respect to the payment of a liability, the sequential series of taxable periods beginning with the taxable period that includes the date which is one (1) year prior to the date on which such liability is considered to have been paid or satisfied for applicable Tax purposes and ending with the taxable period that includes the date which is five (5) years after the date on which such liability is considered to have been paid or satisfied for applicable Tax purposes.
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Tax Benefit Period has the meaning set forth in Section 9.6(c).
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Tax Benefit Period has the meaning assigned to such term in Section 7.6(h).
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Examples of Tax Benefit Period in a sentence

  • The Tax Benefit Period for taxpayers first certified on or after April 1, 2005 is the same as that of a CRPT: ten years.The amount of the TRC is a function of employment increases.

  • Other than the new Tax Benefit Period and the new Employment Test, the TRC formula remains unchanged for taxpayers first certified on orafter April 1, 2005, such that the TRC is equal to the product of (i) the Tax Benefit Period Factor;(ii) the Employment Increase Factor; (iii) the Zone Allocation Factor; and (iv) the Tax Factor.

  • The Tax Benefit Period consists of the first ten (10) taxable years starting with the first taxable year in which the business is certified.For the CRPT and Tax Reduction Credit (“TRC”), the Base Period for those entities first certified on or after April 1, 2005 is now limited to the four taxable years (or such smaller set of years) prior to the first taxable year in which the business is certified.

  • The balance, often a significant proportion, is met through voluntary contributions.

  • For tax years beginning on or after January 1, 2005, a business which is identical in ownership and operation to an existing taxpayer will qualify as a new business if the two businesses are operating in different counties in the State, however, the new business will use the remaining Tax Benefit Period of the existing QEZE to which it is identical.22 22 April 2005 statutory changes with respect to the Employment Test also affect taxpayers that were first certified prior to August 1, 2002.

  • Prior to April 1, 2005, the Tax Benefit Period of the CRPT consisted of fourteen consecutive tax years, beginning with the first tax year during which the taxpayer is certified.

  • For the avoidance of doubt, in the event that a deduction, credit, loss or other Tax attribute, or any portion thereof, arising as a result of such payment results in a Tax Benefit Amount in a taxable period or portion thereof prior to or later than the taxable period during which such payment is considered to have been made for applicable Tax purposes, then this Article 5.03 shall continue to apply for all taxable periods included in the applicable Tax Benefit Period.

  • The Tax Benefit Period for taxpayers first certified on or after April 1, 2005, is the same as that of a CRPT: ten years.

  • The CRPT was available at up to 100% of eligible real property taxes for the first ten years of the Tax Benefit Period, then phased out in 20% increments over years eleven through fourteen (i.e., the CRPT is limited to 80% of Eligible Real Property Taxes in year eleven, 60% in year twelve, etc.).

  • Any certified business entity located outside of the Empire Zone’s distinct and separate contiguous areas will be grandfathered in under the tax laws that were in effect when the entity was first certified until expiration of the Tax Benefit Period.


More Definitions of Tax Benefit Period

Tax Benefit Period means, with respect to the payment of a liability, the sequential series of taxable periods beginning with the taxable period that includes the date which is one (1) year prior to the date on which such liability is considered to have been paid or satisfied for applicable Tax purposes and ending with the taxable period that includes the date which is five
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Related to Tax Benefit Period

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Extended benefit period means a period which:

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Tax Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers, foreign tax credit carryovers, any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code, and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Taxable means either:

  • taxable service means any service provided or to be provided –

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • COBRA Period means the period beginning on the Date of Termination and ending on the nine-month anniversary thereof; provided, however, that in the event of a Change in Control Qualifying Termination, then the COBRA Period instead shall end on the 18-month anniversary thereof.

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.