Tax equivalent definition
Tax equivalent means the amount in lieu of taxes computed according to this section which is required to be paid by each board to the state and to each taxing jurisdiction in which the board operates and required by subsection (11) of KRS 96.570 to be included in resale rates.
Tax equivalent means with respect to any tax year, the annual privilege tax or similar ad valorem tax as set forth in Utah Code § 11-59-207 generated from the Event Center Property, and which amount is not limited to the amounts actually distributed to POMSLA.
Tax equivalent means an income tax equivalent, within the meaning of the Government Business Enterprises Act 1995;
Examples of Tax equivalent in a sentence
Property Tax equivalent to 12 months will be collected from Allottees at the time of giving possession and the said amount of Deposit will be invested in FD and the interest earned therefrom will be passed on to the respective Allottees.
To the extent that SDTB's aggregate Deal Expenses (whether paid by SDTB prior to Closing or by PPBI at Closing), on an after Tax equivalent basis, exceed $3,000,000, any excess shall reduce the Per Share Cash Consideration by the quotient of (i) such excess divided by (ii) the total number of shares of issued and outstanding SDTB Common Stock.