Tax Matters Member Partnership Representative. The Board shall designate, from time to time, a qualifying person to perform all duties imposed by Sections 6221 and 6232 of the Code as the “tax matters partner” of the Company, as defined in Section 6231 of the Code (prior to its amendment by the Bipartisan Budget Act of 2015 (“BBA”)). Such person shall become the “partnership representative” within the meaning of Section 6223(a) of the Code (as amended by the BBA) as in effect for the tax years beginning on or after January 1, 2018 (such “tax matters partner” and “partnership representative”, as the case may be, referred to herein as the “Partnership Representative”).
Appears in 5 contracts
Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)