Examples of Qualified investment in a sentence
The Company (or Credit Assignee) may carry forward any excess Tax Credit for nine (9) consecutive Taxable Years beginning with the Taxable Year after the Taxable Year for which the IEDC certifies the Qualified Investment, even if such Taxable Year extends beyond the Expiration Date of this Agreement.
Subject to the limitations set forth herein, the Tax Credit amount shall equal the product of the Applicable Percentage multiplied by the amount of the Qualified Investment made by the Company and certified and approved by the IEDC for a Taxable Year, plus any excess Tax Credit carried forward from a prior Taxable Year.
The Project is anticipated to involve at least the Redevelopment Capital Investment (as referred to in Exhibit A), inclusive of all capital investment from all sources, a portion of which will be Qualified Investment (as defined below and referred to in Exhibit A) to redevelop the Qualified Redevelopment Site, on which Tax Credits may be certified by the IEDC and claimed in accordance with this Agreement.
For Taxable Years for which the Company is seeking the certification of a Tax Credit pursuant to a Tax Credit Certification, the IEDC shall certify the maximum Tax Credit the Company may claim for such Taxable Year as a result of its Qualified Investment previously made by the Company.