Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.
Qualified Basis has the meaning given to it in Section 42(c) of the Code.
Qualified Basis means the qualified basis of a
Examples of Qualified Basis in a sentence
Qualified Basis Tracking Sheet (QBTS)This form shall be submitted annually until the required set-asides are established.
The Qualified Basis and the amount of the credit are based upon the amount of low income housing within the building.
The Annual HC Recommended is based on the Qualified Basis Calculation.
Qualified Basis is the product of a project's Eligible Basis multiplied by the Applicable Fraction.
The Eligible Basis and Qualified Basis of each Qualified Low-income Building at the end of the first year of the Credit Period.
More Definitions of Qualified Basis
Qualified Basis as set forth on the Summary Page.
Qualified Basis means qualified basis as defined in Section 42(c) of the Code. CC. “Qualified Census Tract” means areas of the State which meet the requirements of
Qualified Basis means qualified basis as defined in Section 42(c)(1) of the Code.
Qualified Basis means the qualified basis determined under section 42(c)(1) of the Internal Revenue Code.
Qualified Basis means the amount equal to the applicable fraction of the
Qualified Basis means that portion of the tax basis of a qualified Georgia project eligible for the federal housing tax credit, as that term is defined in Section 42 of the Internal Revenue Code of 1986, as amended.
Qualified Basis means the qualified basis determined under section 42 (c)