Adjusted business income definition

Adjusted business income means business income as defined in section 105 with all of the following adjustments:
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Examples of Adjusted business income in a sentence

  • Eligibility for the Small Business Alternative Credit Taxpayers are not eligible for the Small Business Alternative Credit if any of the following conditions exist:• Gross receipts exceed $20,000,000.• Adjusted business income after loss adjustment exceeds$1,300,000 for Corporations (and LLCs federally taxed as such).• Any shareholder or officer has allocated income after loss adjustment of over $180,000, as determined on the CIT Schedule of Shareholders and Officers (Form 4894).

  • Adjusted business income for the purpose of calculating the small business credit equals business income plus compensation and director fees of active shareholders and officers.representing 0.07 percent of SBT filers, had total SBT liabilities of $659 million, or 27.9 percent of total Michigan collections.

  • Eligibility for the Small Business Alternative Credit Taxpayers are not eligible for the Small Business Alternative Credit if any of the following conditions exist:• Gross receipts exceed $20,000,000.• Adjusted business income after loss adjustment exceeds$1,361,100 for Corporations (and LLCs federally taxed as such).• Any shareholder or officer has allocated income after loss adjustment of over $180,000, as determined on the CIT Schedule of Shareholders and Officers (Form 4894).

  • Eligibility for the Small Business Alternative Credit Taxpayers are not eligible for the Small Business Alternative Credit if any of the following conditions exist:• Gross receipts exceed $20,000,000.• Adjusted business income after loss adjustment exceeds$1,458,600 for Corporations (and LLCs federally taxed as such).• Any shareholder or officer has allocated income after loss adjustment of over $180,000, as determined on the CIT Schedule of Shareholders and Oßcers (Form 4894).

  • Eligibility for the Small Business Alternative Credit Taxpayers are not eligible for the Small Business Alternative Credit if any of the following conditions exist:• Gross receipts exceed $20,000,000.• Adjusted business income after loss adjustment exceeds$1,444,300 for Corporations (and LLCs federally taxed as such).• Any shareholder or officer has allocated income after loss adjustment of over $180,000, as determined on the CIT Schedule of Shareholders and Officers (Form 4894).

  • FLASH POINT >142°F (Aerosol Concentrate) LEL: NA UEL: NA EXTINGUISHING MEDIA: Use extinguishing media appropriate to the surrounding fire conditions.

  • Eligibility for the Small Business AlternativeCredit Taxpayers are not eligible for the Small Business Alternative Credit if any of the following conditions exist:• Gross receipts exceed $20,000,000.• Adjusted business income after loss adjustment exceeds$1,300,000 for Corporations (and LLCs federally taxed as such).• Any shareholder or officer has allocated income after loss adjustment of over $180,000, as determined on the CIT Schedule of Shareholders and Officers (Form 4894).

  • Aim to ensure that rare diseases are adequately coded and traceable in all health information systems, encouraging an adequate recognition of the disease in the national healthcare and reimbursement systems based on the ICD while respecting national procedures.

  • This resolution is covered by these Product Terms and Conditions.

Related to Adjusted business income

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Nonbusiness income means all income other than business income.

  • Consolidated Net Assets means Consolidated Assets after deduction of Consolidated Current Liabilities.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, the TSS membership liability revaluation charge, and certain other expenses (income), and excludes the portion of the adjusted net income of Total Specific Solutions (TSS) B.V. (“TSS”) attributable to the minority owners of TSS (see “Capital Resources and Commitments” section). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, the TSS membership liability revaluation charge, and certain other non- cash expenses (income) incurred or recognized by the Company from time to time, and adjusts for the portion of TSS’ Adjusted net income not attributable to shareholders of Constellation. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Controlled unaffiliated business means a company:

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.