Examples of UBT in a sentence
Any U.S. federal and state income tax liability or benefit related to the partnership income or loss, with the exception of UBT, rests with the unit holders rather than with the partnership entity.
A uniform, national UBT rating system is established based on observable evidence and behavior and is described in the Path to Performance.
LINE 21 - TAX BEFORE UBT PAID CREDITEnter on line 21 the Unincorporated Business Tax due before applying the UBT paid credit.
UBT sponsors have primary accountability for taking an active role with their teams to identify resources and remove barriers that impede their teams’ success.
UBTs will be evaluated during face-to- face assessment meetings conducted by the team’s UBT Consultant and Union Partnership Representative (UPR).
Sponsors will support UBT co-leads to be effective in their roles and hold co-leads accountable for following the Path to Performance and achieving results on the Value Compass.
If that amount is less than zero, enter "0".LINE 7 - UBT PAID CREDITEnter on line 7 the credit against the General Corporation Tax for Unincorporated Business Tax paid by partnerships from which you re- ceive a distributive share or guaranteed pay- ment that you include in calculating General Corporation Tax liability on either the entire net income or income plus compensation base.
If local problem-solving attempts to remove barriers and allocate resources are not successful, UBT sponsors will escalate the issue in accordance with the Section 1.L.2. Partnership Agreement Review Process.
The National UBT Tracker, LMP website and other tools throughout the organization shall be regularly updated and made available to the organization so as to accelerate knowledge of and use of best practices, categorized by type (e.g., quality, patient safety, service, etc.).
LINE 19 - TAX BEFORE UBT PAID CREDITEnter on line 19 the Unincorporated Business Tax due before applying the UBT paid credit.