Private Benefit definition

Private Benefit means a financial benefit, a personal benefit or furthering a private interest (and includes the avoidance of a negative consequence) other than a financial benefit, a personal benefit or a private interest that;
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Private Benefit means "non-incidental benefits conferred on disinterested persons that serve private interests." As defined in the Tax Court ruling, American Campaign Academy v. Commissioner, 92 TC 1053 (1989)
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Private Benefit means a direct or indirect benefit not shared by the general public that could be reasonably expected to impair a Commissioner’s objectivity or independent judgment.
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Examples of Private Benefit in a sentence

  • Private benefit = private ownership □ □ □ Methods, procedures and guarantees, including appropriate documentation, that the facilities will be perpetually maintained so as to function as designed and not result in nuisances or health hazards 15.

  • Private benefit and inurement questions might be raised if the 501(c)(3) organization has lost its ability to make independent charitable decisions.

  • While running the project, he can consume private benefits in the amount B also with probability q.15 Private benefit extraction comes at the expense of cash flows reducing them, for simplicity, to 0.

  • The Charity Commission guidance on Public Benefit and Private benefit is quite extensive and it is not expected that Trustees will have read all of it “from cover to cover”.

  • Private benefit is incidental when it is a by-product of the provision of benefit in pursuit of a charity’s purpose and not a purpose of the charity itself.

  • For example, Pricewaterhouse Cooper (2006) estimated that climate change adaptation would contribute to around a half of the total annual benefits, roughly EUR 14 billion.3.2.2 Private benefit studies Compared to public benefit studies, there is a wide field of private benefit studies; however they differ in their industrial, geographical and methodological scope.

  • Private benefit, especially private financial gain, must be incidental to the project.

  • From 2009- 2012 there has been an increase of 19.3% in Maori attaining NCEA Level 2 (Ministry of Education, 2014d).

  • These are discussed below under four broad groupings:• Private benefit versus the publicinterest:Funded via private sector fund- ing, Improvement Districts afford businesses and property owners an opportunity to respond proac-tively and positively to shrinking State budgets.

  • Decision How itaffects othersCost or benefit Market failure (misallocation ofresources)Terms applied to this type of market failureA firm uses a pesticide thatDownstream Private benefit, Overuse of pesticide andNegative external effect,runs off into waterwaysdamageexternal costoverproduction of the crop for which it is usedenvironmental spillover Figure 12.3 Market failure: Water pollution.


More Definitions of Private Benefit

Private Benefit means “the receipt by the public official, public member or public employee of a gift which resulted from his holding that office.” Id. section 9-13-103(b).
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Private Benefit means either of the following:
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Private Benefit means a financial or personal benefit (which includes the avoidance of a negative consequence) other than a financial or personal benefit that is:
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Private Benefit means either (1) An improvement required as a means of meeting mitigation requirements associated with a project, or (2) An enhancement or improvement where an individual or group of individuals can be identified as beneficiaries.
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Private Benefit means that the possessor has the opportunity to make a profit, or to use or be
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Related to Private Benefit

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • land reform beneficiary , in relation to a property, means a person who -

  • Distribution System Code means the code approved by the Board which, among other things, establishes the obligations of the distributor with respect to the services and terms of service to be offered to customers and retailers and provides minimum, technical operating standards of distribution systems;

  • Son or daughter of a covered servicemember means a covered servicemember's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered servicemember stood in loco parentis, and who is of any age.

  • Fringe benefits means the amount of:

  • Affordable Care Act means, collectively, the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Medicare Advantage The Medicare managed care options that are authorized under Title XVIII as specified at Part C and 42 C.F.R. § 422.

  • Son or daughter of a covered service member means a covered service member’s biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered service member stood in loco parentis, and who is of any age.

  • Retiree means any person who has begun accruing a retirement