Definition of Tax Item

  1. Tax Item means any item of income, gain, loss, deduction, expense or credit, or other attribute that may have the effect of increasing or decreasing any Tax.

Examples of Tax Item in a sentence

  1. Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.
  2. For purposes of Article II, the following rules shall apply to determine from which Business a Tax Item arises:

Definition of Tax Item in Tax Sharing Agreement

Tax Item means any item of income, gain, loss, deduction, expense or credit, or other attribute that may have the effect of increasing or decreasing any Tax.


Definition of Tax Item in Tax Matters Agreement

Tax Item means any Tax Benefit or Tax Detriment.


Definition of Tax Item in Agreement

Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.