Business component definition

Business component means any product, process, computer software, technique, formula or invention held for sale, lease or license or used in trade or business of the taxpayer;
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Business component of a taxpayer means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license or used by the taxpayer in a trade or business of the taxpayer. Any plant process, machinery, or technique for commercial production of a business component is treated as a separate business component and not as part of the business component being produced.
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Business component means “any product, process, computer software, technique, formula, or invention” which is held for sale, lease, or license or used in the taxpayer’s business. In order to apply the section 41(d)(1) tests and obtain a research credit, the taxpayer must identify the business components for which it claims qualified research activities. (See, e.g., Bayer Corp. and Subs. v. United States (W.D.Pa. 2012) 850 F.Supp.2d 522, 540.)
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Examples of Business component in a sentence

  • The applicable Delphi Affiliates are entitled to receive price increases for the Mexican Business component parts in connection with technical and engineering initiatives in accordance with the terms of the purchase orders and supply contracts relating to the Mexican Business.

  • On the 31st December 2020, the European branches along with the London Chemical Business component were transferred at Net Book value to the Companies 100 % subsidiary, Marubeni International (Europe) GmbH to ensure the supply of goods to customers would continue uninterrupted due to business changes brought on by Brexit.

  • The Business component is a statement of the methods that will be used to reach the change that is sought.Following is an example of an organization that has a very specific mission but one that also limits the types of interventions that it can engage in: XYZ Organization seeks to decrease homelessness among families by building and maintaining permanent, affordable housing.

  • The Board entered the New Business component of the Agenda noting that a public session at which actions will be taken will occur following an Executive Session related to current litigation and personnel matters, as well as Collective Bargaining.

  • Change in BiodiversityIndigenous trees planted by the projectMonitored ChangeChange with project: 1,275,890 indigenous trees Change this period: (145,173)Actual direct change, positive for biodiversity, negative for monitoring periodJustification of ChangeThese trees were planted as part of the program.

  • Above, a pig poses for the camera in the piggery facilities constructed as part of the 'Grow Youth Business' component of START at Kaotave RTC.

  • Businesses that include an Essential Business component at their facilities alongside non-essential components must scale down their in-person operations to the Essential Business component only.

  • The Advice for Small Business component is established for the purpose of facilitating increased access to know-how and non-financial development services for youth enterprises, as well as access to markets through networking opportunities.

  • The Business component digitally represents the business processes and services with data analytical results in LSCS.

  • On October 18, 2000, TA sent notice to Solar that Solar was in default for not completing the punch list items, and for failing to keep the project free of liens.


More Definitions of Business component

Business component means any product, process, computer software, technique,
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Business component means a primary function the Enrollment Broker will be responsible for maintaining under the Contract. The primary functions are: Enrollment Services with Medicaid and CHIP subcomponents; andTexas Health Steps Outreach and Informing Services.
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Business component means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license, or used by the taxpayer in a trade or business of the taxpayer.
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Related to Business component

  • Small Diversity business concern means a small business concern that is at least fifty-one (51) percent unconditionally owned by one or more individuals who are both socially and economically diverse, or a publicly owned business that has at least fifty-one (51) percent of its stock unconditionally owned by one or more socially and economically diverse individuals and that has its management and daily business controlled by one or more such individuals. This term also means a small business concern that is at least fifty-one (51) percent unconditionally owned by an economically diverse Indian tribe or Native Hawaiian Organization, or a publicly owned business that has at least fifty-one (51) percent of its stock unconditionally owned by one of these entities, that has its management and daily business controlled by members of an economically diverse Indian tribe or Native Hawaiian organization.

  • Business concern means any corporation, company, limited liability company, partnership, joint venture, trust, unincorporated association or any other form of association.

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Basket Componenti means the respective share as specified in § 1 of the Product and Underlying Data.

  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • SPE Component Entity shall have the meaning set forth in Section 5.1 hereof.

  • Third Party Components means software and interfaces, licensed by RIM from a third party for incorporation into a RIM software product, or for incorporation into firmware in the case of RIM hardware products, and distributed as an integral part of that RIM product under a RIM brand, but shall not include Third Party Software.

  • Amplification, transmission and distribution equipment means, but is not limited to, production,

  • Diagnostic source assembly means the tube housing assembly with a beam-limiting device attached.

  • Business Customer means a customer who is not a residential customer.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Structural components means liners, leachate collection systems, final covers, run-on/run-off systems, and any other component used in the construction and operation of the MSWLF that is necessary for protection of human health and the environment.

  • Inclusionary development means a development containing both affordable units and market rate units. This term includes, but is not necessarily limited to: new construction, the conversion of a non-residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

  • Younger-generation substitute gift means the substitute gift created with respect to the younger-generation future interest.

  • information gathering measures means laws and administrative or judicial procedures that enable a Contracting Party to obtain and provide the requested information;

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Child with special needs means a child with one or more of the following conditions:

  • Seller Products means all products and services that are being manufactured or performed by Seller at any time, other than Logic Business Products that are being manufactured or performed by Seller as of the Closing Date.

  • Micro Business means a company which either:

  • Cannabis testing facility means an entity registered by

  • Application Programming Interface or “API” means the application programming interface materials and related documentation containing all data and information to allow skilled Software developers to create Software interfaces that interface or interact with other specified Software.

  • Similar works means Residential/Non-Residential Building works of any no. of storeys”.