Tax Benefits definition

Tax Benefits means the net operating loss carryforwards, capital loss carryforwards, general business credit carryforwards, alternative minimum tax credit carryforwards and foreign tax credit carryforwards, as well as any loss or deduction attributable to a “net unrealized built-in loss” of the Corporation or any direct or indirect subsidiary thereof, within the meaning of Section 382 of the Code.

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.

Tax Benefits means net operating losses, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers, foreign tax credit carryovers or any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382, in each case of the Company or any of its Subsidiaries, and any other tax attribute the benefit of which is subject to possible limitation pursuant to Section 382.

Examples of Tax Benefits in a sentence

• If the site host can efficiently use the project’s Tax Benefits and is willing to accept performance risk, then either balance sheet finance or a capital lease (or a bank loan) may be appropriate, depending upon the extent to which the site host can fund the up-front cost of the system.

• U.S. Department of the Treasury, Office of Tax Analysis, Distribution of Selected Income Tax Expenditures: Tax Benefits as a Share of After-Tax Income, July 28, 2014, at http://www.treasury.gov/resource-center/tax-policy/ Documents/Analysis-and-Research-Selected-Credits-Deductions-Exclusions-2015.pdf.

• In addition, as with a normal PPA/service contract, the pre-paid contract may include a site host purchase option (at the greater of fair market value or a contractually agreed upon amount) exercisable at some point after the project’s sixth year, once the Tax Benefits have been exhausted.

• By the end of six years, the early buyout price could be relatively low, given that the project’s Tax Benefits and cash incentives (i.e., CBIs or PBIs) will have been exhausted.

• The flip is assumed to occur at the end of 18 years, which is relatively late in the project’s life, particularly considering that the project’s Tax Benefits will have largely been exhausted by the end of six years (and hence the flip could occur that early).

More Definitions of Tax Benefits

Tax Benefits means the net operating loss carry-overs, capital loss carry-overs, general business credit carry-overs, alternative minimum tax credit carry-overs and foreign tax credit carry-overs, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code, or any successor provision or replacement provision, and the Treasury Regulations promulgated thereunder, of the Company or any direct or indirect Subsidiary thereof.

Tax Benefits means the net operating loss carry-overs, capital loss carry-overs, general business credit carry-overs, alternative minimum tax credit carry-overs and foreign tax credit carry-overs, as well as any “net unrealized built-in loss” within the meaning of Section 382, of the Company or any direct or indirect subsidiary thereof.

Tax Benefits means the amount by which the Tax liability of the Indemnified Party or any of its Affiliates for a taxable period is actually reduced (including by deduction, reduction in income upon a sale, disposition or other similar transaction as a result of increased tax basis, receipt of a refund of Taxes or use of a credit of Taxes) plus any related interest (net of Taxes payable thereon) received from the relevant Tax Authority, as a result of the incurrence, accrual or payment of any Loss or Tax with respect to which the indemnification payment is being made.

Tax Benefits means the difference between (a) the income taxes actually paid by the Reorganized Utility and (b) the income taxes that the Reorganized Utility would have paid to the taxing authorities for such taxable year if the net operating losses of the Utility and any deductions arising from the payment of Wildfire Claims and Subrogation Claims were not available.

Tax Benefits shall have the meaning set forth in Section 3(a) hereof.

Tax Benefits means the net operating loss carry forwards, capital loss carry forwards, general business credit carry forwards, alternative minimum tax credit carry forwards and foreign tax credit carry forwards, as well as any “net unrealized built-in loss” within the meaning of Section 382 of the Code, of the Company or any direct or indirect Subsidiary thereof.

Tax Benefits means the right to claim such deductions, credits, and other benefits as are provided by the Code to an owner of property, including the Recovery Deductions and Amortization Deductions.