Material Participation definition

Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

Material Participation means the regular, continuous and substantial involvement in the operation of the development throughout the Compliance Period, as defined in Section 469(h) of the Code and the regulations promulgated under the Code, codified at 26 CFR § 1.469-5T.

Material Participation means involvement in the development and operation of the property that is regular, continuous and substantial. Activity as a limited partner is not considered material participation. Material participation is to be established in an activity that constitutes the principal business or activity of the taxpayer. Involvement in the actual operations of the activity should occur; that is, the services provided must be integral to the operations of the activity. Simply consenting to someone else’s decisions or periodic consultation with respect to general management decisions is not sufficient. A regular on-site presence at the operations is indicative of material participation where providing services as an independent contractor is not.

Examples of Material Participation in a sentence

• Material Participation is required for all developers and for all entities that receive any portion of the Developer Fee.

• Note that the Owner’s Certification of Continuing Program Compliance provides that all months within each twelve month period are subject to certification and all certification items must be checked.• Certification of Material Participation by a Nonprofit Entity.

• Nonprofit Material Participation:* Means involvement in the development and operation of a project by a Nonprofit Sponsor (defined below) which is regular, continuous, and substantial as defined in Section 42 and 469(h) of the Code.

• The Executive Director Certification of Non-Profit Material Participation form (Rev.

• All Projects seeking to score points in this category will be required to check the Non-profit set aside box on IRS Form 8609 and will be required to submit a Material Participation certification form.

More Definitions of Material Participation

Material Participation means that the limited partnership agreement or other agreement executed by all of the general partners expressly provides that the managing general partner:

Material Participation means an activity that is regular, continuous, and substantial.

Material Participation means the regular, continuous and substantial involvement in the

Material Participation means the regular, continuous and substantial involvement

Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder. ( Note: language added for discussion. Implications for minority participation and joint ventures including non-profit/CHDO organizations with for-profit entities.

Material Participation means that the taxpayer is involved in the operation of the activity on a basis that is regular, continuous, and substantial. (Reg. § 1.469-5)

Material Participation means that the limited partnership agreement expressly