Common use of BBA Elections Clause in Contracts

BBA Elections. The Company will not elect into the partnership audit procedures enacted under Section 1101 of the BBA (the “BBA Procedures”) for any tax year beginning before January 1, 2018, and, to the extent permitted by applicable law and regulations, the Company will annually elect out of the BBA Procedures for tax years beginning on or after January 1, 2018 pursuant to Code Section 6221(b) (as amended by the BBA).

Appears in 3 contracts

Samples: Operating Agreement (Highwater Ethanol LLC), Operating Agreement, Operating Agreement (Cardinal Ethanol LLC)

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BBA Elections. The Company will not elect into the partnership audit procedures enacted under Section 1101 of the BBA (the “BBA Procedures”) for any tax year beginning before January 1, 2018, and, to the extent permitted by applicable law and regulations, the Company will annually elect out of the BBA Procedures for tax years beginning on or after January 1, 2018 pursuant to Code Section 6221(b) (as amended by the BBA).. (d)

Appears in 1 contract

Samples: Operating Agreement (Cardinal Ethanol LLC)

BBA Elections. The Company will not elect into the partnership audit procedures enacted under Section 1101 of the BBA (the “BBA Procedures”) for any tax year beginning before January 1, 2018, and, to the extent permitted by applicable law and regulations, the Company will annually elect out of the BBA Procedures for tax years beginning on or after January 1, 2018 pursuant to Code Section 6221(b) (as amended by the BBA).will

Appears in 1 contract

Samples: Operating Agreement (Cardinal Ethanol LLC)

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BBA Elections. The Company will not elect into the partnership audit procedures enacted under Section 1101 of the BBA (the “BBA Procedures”) for any tax year beginning before January 1, 2018, and, to the extent permitted by applicable law and regulationsreg... (d) Tax Returns and Tax Deficiencies. Each Member agrees that such Member shall not treat any Company item inconsistently on such Member’s federal, state, foreign or other income tax return with the Company will annually elect out treatment of the BBA Procedures for tax years beginning item on or after January 1, 2018 pursuant to Code Section 6221(b) the Company’s return. Any... (as amended by the BBAe).

Appears in 1 contract

Samples: Contribution Agreement

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