Valid business purpose means one or more business purposes that alone or in combination
Valid business purpose means one or more business purposes that alone or in combination constitute the motivation for some business activity or transaction, which activity or transaction improves, apart from tax effects, the economic position of the taxpayer, as further defined by regulation.
Valid business purpose means one or more business purposes, other than the avoidance or reduction of taxation, which alone or in combination constitute the primary motivation for a business activity or transaction, which activity or transaction changes in a meaningful way, apart from tax effects, the economic position of the taxpayer. The economic position of the taxpayer includes an increase in the market share of the taxpayer or the entry by the taxpayer into new business markets.
Examples of Valid business purpose in a sentence
Schedule G — Valid business purpose for QEZEs first certified prior to August 1, 2002If the QEZE was first certified prior to August 1, 2002, and the base period is zero years or the employment number is zero in the base period, and the QEZE is similar in ownership and operation to an existing or previously existing New York State taxpayer, the QEZE must have been formed for a valid business purpose to continue qualifying for QEZE benefits.
Schedule G – Valid business purpose forQEZEs first certified prior to August 1, 2002If the QEZE was first certified prior to August 1, 2002, and the base period is zero years or the employment for your base period is zero, and the QEZE is similar in operation and ownership to a business entity (or entities) taxable or previously taxable, then the enterprise must have been formed for a valid business purpose and not solely to gain EZ benefits in order to continue to claim the QEZE tax reduction credit.
More Definitions of Valid business purpose
Valid business purpose means one or more business purposes that alone or in combination 750 constitute the motivation for some business activity or transaction, which activity or transaction 751 improves, apart from tax effects, the economic position of the taxpayer, as further defined by regulation. 752 C. There shall be subtracted to the extent included in and not otherwise subtracted from federal 753 taxable income:
Valid business purpose means one or more business purposes that alone or in combination 780 constitute the motivation for some business activity or transaction, which activity or transaction 781 improves, apart from tax effects, the economic position of the taxpayer, as further defined by regulation. 782 10. a. For taxable years beginning on and after January 1, 2009, the amount of dividends deductible 783 under §§ 561 and 857 of the Internal Revenue Code by a Captive Real Estate Investment Trust (REIT). 784 For purposes of this subdivision, a REIT is a Captive REIT if:
Valid business purpose means one or more business purposes, other than the
Valid business purpose means one or more business purposes, other than the avoidance or reduction of taxes, that alone or in combination constitute the primary motivation for a business activity or transaction that changes in a meaningful way, apart from tax effects, the economic position of the entity. A valid business purpose includes compliance with a regulatory requirement of:
Valid business purpose means one or more 25-47 business purposes, other than the avoidance or reduction of taxes, 25-48 that alone or in combination constitute the primary motivation for 25-49 a business activity or transaction that changes in a meaningful 25-50 way, apart from tax effects, the economic position of the entity. A 25-51 valid business purpose includes compliance with a regulatory 25-52 requirement of:
Valid business purpose means one or more business purposes that alone or in combination 684 constitute the motivation for some business activity or transaction, which activity or transaction 685 improves, apart from tax effects, the economic position of the taxpayer, as further defined by regulation. 686 (3) The related member during the same taxable year directly or indirectly paid, received, accrued 687 or incurred such amount to or from a person or entity that is not a related member, and such 688 transaction with the related member was done for a valid business purpose and the payments are made 689 at arm's length rates and terms;
Valid business purpose. A valid business purpose is one or more business purposes other than the avoidance of a restriction or obligation under this Agreement, which alone or in combination constitute the primary motivation for some business activity or transaction, which activity or transaction changes in a meaningful way the economic position of the Company. Unless the context otherwise requires, the singular includes the plural, and words in the plural include the singular.