Depreciation Benefit definition

Depreciation Benefit means the most accelerated depreciation available under Sections 167 and 168 of the Code, assuming the utilization of the shortest available recovery period, the most accelerated depreciation method available, the half-year convention and a full first taxable year (however, in no event shall the depreciation be more accelerated than *** (5) *** percent (***%) declining balance depreciation (without application of Section 168(k) of the Code or any successor thereto). The recovery periods applicable to each Block shall be determined using the depreciation class percentage allocations derived from costs by class divided by the total costs for each Block listed on Exhibit 25. In determining the Depreciation Benefit, a *** percent (***%) tax rate shall be applied. Further, in accordance with Section 50(c) of the Code tax basis for purposes of calculating depreciation shall be deemed to be reduced by *** percent (***%) of the Maximum EITCs. “***” has the meaning given in Section 21.3(b).
Sample 1Sample 2
Depreciation Benefit means the most accelerated depreciation available under Sections 167 and 168 of the Code, assuming the utilization of the shortest available recovery period, the most accelerated depreciation method available, the half-year convention and a full first taxable year (however, in no event shall the depreciation be more accelerated than five (5) year two hundred percent (200%) declining balance depreciation (without application of Section 168(k) of the Code or any successor thereto)). The recovery periods applicable to the Facility shall be determined using the depreciation class percentage allocations derived from costs by class divided by the total costs for the Facility listed on Exhibit 23. In determining the Depreciation Benefit, a thirty-five percent (35%)6 tax rate shall be applied. Further, in accordance with Section 50(c) of the Code tax basis for purposes of calculating depreciation shall be deemed to be reduced by fifty percent (50%) of the Maximum EITCs.
Sample 1Sample 2
Depreciation Benefit means any reduction in income taxes as a result of tax deductionsdirectly attributable to ownership of the System.
Sample 1

Examples of Depreciation Benefit in a sentence

  • Seller may, in its sole discretion, elect to contest, and shall control the contest of, any proposed adjustment or equivalent action of any Tax Loss or of any loss of Depreciation Benefit.

  • The Project developer claiming higher tariff (without Accelerated Depreciation Benefit) has to give an affidavit every year in the beginning of the financial year to the effect that the Project developer is not claiming / intends claiming the benefit of the accelerated depreciation from Income tax department.

  • Extension of Accelerated Depreciation Benefit for Property on Indian Reservations (sec.

  • The levelized generic Tariff proposed for FY 2012-13 under the said draft order was as under: S.No. ParticularsTariff (Rs/ KWh) if Higher Depreciation Benefit is not availed.Tariff (Rs/ KWh) if Higher Depreciation Benefit is availed.

  • Therefore, the Accelerated Depreciation Benefit of 80% which is not available to the wind generators should not be factored in while determination of tariff.11.

  • We use Surge, with this small randomization, as the basis for all experiments described in the remainder of Section 4.

  • Tax Depreciation Benefit — the present value of income tax savings resulting from the tax deduction generated by the depreciation of a Tangible Asset.

  • As all reasonable costs and returns are being allowed to be recovered through this proposed tariff, any policy support by way of Capital subsidy/Capital Finance Assistance (CFA), Higher Depreciation Benefit or General Based Incentives (GBI) by the GoI/GoAP, which becomes available to the developer / generator, may be passed on to the DISCOMs.

  • Accident Depreciation Benefit – In case of a damage o the Asset (s), and there being a difference between the costs incurred on repair as against the claim amount received from the Insurer, the lease contractor should be solely responsible for payment of the differential amount (including any applicable insurance deductibles).

  • It will be revised every five years.71Accelerated Depreciation Benefit Tax IncentivePublished on June 30, 2008, this decree allows for accelerated depreciation of up to 20 percent of investments in machinery and equipment used for renewable energy generation incurred as income tax.72 5.3 CLEAN ENERGY SECTOR FINANCINGSouth American ContextSince 2013, most clean energy activity in South America has occurred in Chile and Uruguay (see Error! Reference source not found.).


More Definitions of Depreciation Benefit

Depreciation Benefit means the most accelerated depreciation available under Sections 167 and 168 of the Code, assuming the utilization of the shortest available recovery period, the most accelerated depreciation method available, the half-year convention and a full first taxable year (however, in no event shall the depreciation be more accelerated than *** (5) *** percent (***%) declining balance depreciation (without application of Section 168(k) of the Code or any successor thereto). The recovery periods applicable to each Block shall be determined using the depreciation class percentage allocations derived from costs by class divided by the total costs for each Block listed on Exhibit 25. In determining the Depreciation Benefit, a *** percent (***%) tax rate shall be applied. Further, in accordance with Section 50(c) of the Code tax basis for purposes of calculating depreciation shall be deemed to be reduced by *** percent (***%) of the Maximum EITCs.
Sample 1
Depreciation Benefit means the most accelerated depreciation available under Sections 167 and 168 of the Code, assuming the utilization of the shortest available recovery period, the most accelerated depreciation method available, the half-year convention and a full first taxable year (however, in no event shall the depreciation be more accelerated than *** declining balance *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. depreciation (without application of Section 168(k) of the Code or any successor thereto). The recovery periods applicable to each Block shall be determined using the depreciation class percentage allocations derived from costs by class divided by the total costs for each Block listed on Exhibit 25. In determining the Depreciation Benefit, a *** tax rate shall be applied. Further, in accordance with Section 50(c) of the Code tax basis for purposes of calculating depreciation shall be deemed to be reduced by *** of the Maximum EITCs. *** ***
Sample 1

Related to Depreciation Benefit

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Termination Benefit means the benefit set forth in Article 7.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Final compensation of a member means:

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Average final compensation means the average annual creditable compensation of a member during

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.