Saver’s Credit Sample Clauses

Saver’s Credit. The Saver’s Credit under Code Section 25B is a nonrefundable tax credit available to taxpayers whose AGI does not exceed certain limits. The credit is equal to a specified percentage of the taxpayer’s eligible contributions to IRAs or certain Employer-sponsored retirement plans for each taxable year from 2002 through 2006.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Saver’s Credit. The proposal makes the EGTRRA provisions relating to the Saver's Credit permanent by eliminating the sunset after 2006. The estimated cost is $ 4.329 billion over 5 years and $10,076 billion over 10 years.
Sample 1

Related to Saver’s Credit

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Each Loan or Letter of Credit At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations, warranties of the Loan Parties shall then be true and correct, (ii) no Event of Default or Potential Default shall have occurred and be continuing, (iii) the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, and (iv) the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the case may be.

Time is Money Join Law Insider Premium to draft better contracts faster.