Common use of Tax Credit Allocations Clause in Contracts

Tax Credit Allocations. All credits against income tax with respect to the Company’s property or operations, including the Small Ethanol Producer Credit (as defined in the Code), if available, shall be allocated among the Members in accordance with their respective membership interests in the Company for the Fiscal Year during which the expenditure, production, sale, or other event giving rise to the credit occurs. This

Appears in 6 contracts

Samples: Operating Agreement (Prairie Creek Ethanol LLC), Operating Agreement (Lincolnway Energy, LLC), Operating Agreement (Prairie Creek Ethanol LLC)

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