Nonexempt property definition

Nonexempt property means property other than eligible
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Nonexempt property means property other than eligible housing project property
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Examples of Nonexempt property in a sentence

  • Non-exempt property picks up a portion of taxes that the exempt property would otherwise have paid, and this should never be seen as an inconsequential shift.

  • Non-exempt property picks up a portion of taxes that the exempt would otherwise have paid, and this should never be seen as an inconsequential shift.

  • Significant accounting policies (continued) 3.3 Investment in subsidiary (continued) Investment in subsidiary is accounted for in these separate financial statements using the “cost method” in accordance with International Accounting Standard (IAS) 27: Separate Financial Statements.

  • Non-exempt property is subject to annual assessment for purposes of taxation.

  • Non-exempt property will go untaxed in violation of the constitution: whether the resulting loss in tax revenue is billions or millions is immaterial to that analysis.30Respondents argue that TCEQ’s defense of its decisions below reflects a usurpation of legislative authority to implement its own policy.

  • Exemptions are not automatic and if not selected, otherwise exempt property may be sold to pay creditors. Non-exempt property can be taken by creditors Secured creditor: A creditor who holds a lien on property (collateral) to secure payment of a debt.

  • Said initial annual Program fees shall not exceed the following: • Non-exempt property zoned residential or agricultural and used for residential purposes shall be charged an initial annual fee not to exceed nine dollars ($9.00) per residential unit located on said property as designated by the Xxxxxxxx County Assessor of Property.

  • Non-exempt property is held by the trustee for distribution among the bankrupt’s creditors.

  • Non-exempt property would include tax refunds, additional cars, real estate other than a homestead, money in the bank, accounts receivables for people who are self-employed, jewelry in excess of what is exempt (either as to type or value).Tax refunds can also be complicated.

  • Seizure of Property Non-exempt property of the debtor may be seized and sold to execute a child support obligation that has been adjudicated delinquent by the courts, following the procedures provided by the Hopi Indian Rules of Civil and Criminal Procedure, with the addition that real as well as personal property may be sold.


More Definitions of Nonexempt property

Nonexempt property means property that is not a principal residence,
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Nonexempt property means property other than eligible housing project property in the tax account that includes eligible housing project property.
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Nonexempt property means all real property in the District that is not exempt from paying real property
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Nonexempt property means all real property in the District that is not exempt
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Nonexempt property means property that is not a
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Nonexempt property means nonresidential real property that is not exempt from paying real property taxes.
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Related to Nonexempt property

  • Exempt Property means tangible personal property acquired in whole or in part with Federal funds, where the Federal awarding agency has statutory authority to vest title in the recipient without further obligation to the Fed- eral Government. An example of ex- empt property authority is contained in the Federal Grant and Cooperative Agreement Act (31 U.S.C. 6306), for property acquired under an award to conduct basic or applied research by a non-profit institution of higher edu- cation or non-profit organization whose principal purpose is conducting scientific research.

  • Exempt Person means the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan.

  • Exempt Area means a county where there is a county agency that provides similar programs for licensing and inspection of adult foster homes that the Director finds are equal to or superior to the requirements of ORS 443.705 to 443.825 and that the Director has exempted from the license, inspection, and fee provisions described in ORS 443.705 to 443.825. Exempt area county licensing rules require review and approval by the Director prior to implementation.

  • Qualified Equity Interests means any Equity Interests that are not Disqualified Equity Interests.

  • Disqualified Equity Interests means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.