Carryover definition

Carryover means the provision under Section 42 of the IRC and Rule 67-48.028, F.A.C., which allows a Development to receive a Housing Credit Allocation in a given calendar year and be placed in service by the close of the second calendar year following the calendar year in which the allocation is made.

Carryover means hours of category 1 credit earned in excess of the required hours in a license period that may be applied to the continuing education requirement in the subsequent license period; carryover may not exceed 20 hours of category 1 credit per renewal cycle.

Carryover means the process and determination of MBOH by which Awarded and reserved HCs are continued and carried over to the end of the second calendar year after the year of the credit award. Carryover is made by MBOH issuance of a Carryover Commitment, according to the specific requirements of this QAP.

Examples of Carryover in a sentence

• In addition, the Authority's acceptance of the certifications and representations required in connection with Owner's request for the Carryover Allocation does not constitute a representation as to the satisfaction of the requirements under Section 42(h)(1)(E) as binding on the part of the Internal Revenue Service.

• The Authority hereby allocates $ of 2024 housing tax credits (the "Carryover Allocation") to the Owner and building or Project described below.

• Louisville KY Business Phone: 000 000-0000 Business email: Xxxx@XxxxXxxxxxx.xxx Funding Source & Acct# including location code: ARP XXXXX III Carryover 2553- 6399 0012-56694 Principal or Supervisor: Xx. Xxxxxxxx Xxxxxxx Agreement Effective Dates: From .

• The IRS requires that a Building Identification Number (BIN) be assigned to each of the Project's buildings at the time a Carryover Allocation is made even if the carryover allocation is made on a project basis.

• The Owner acknowledges that all the terms, conditions, obligations and deadlines set forth herein constitute both continuing conditions of the Carryover Allocation and conditions precedent to a final allocation of tax credits by the Authority, and that the Owner's or the Project's failure to comply with all such terms and conditions, including the requirements of Section 9 hereof, will result in the loss of the Carryover Allocation.

More Definitions of Carryover

Carryover means residual analyte from a previous sample or standard which is retained in the analytical system and measured in subsequent samples. Also called memory.

Carryover time means any accrued time not taken as paid time off (and debit time if included in the organisational hours of work arrangements) in one work cycle and which, subject to any specified limit(s), is carried over to the next work cycle.

Carryover means the process and determination of MBOH by which Awarded and reserved HCs are continued and carried into the second year after Award of the HCs by MBOH issuance of a Carryover Commitment, according to the specific requirements of this QAP.

Carryover means any net operating loss, net capital loss, foreign Tax, excess Tax credit or other Tax Item which may or must be carried forward from one Tax Period to another Tax Period under the Code or other applicable Tax Law.

Carryover. - means the use of Grant funds in a Grant Period subsequent to the Grant Period for which they were awarded.

Carryover means the provision under Section 42 of the Code which allows a Development, under certain conditions allowed by Section 42 of the Code, to receive a Housing Credit Allocation in a given calendar year and be placed in service within a period of two calendar years from the date the Applicant qualifies for Carryover, pursuant to Rule 67-48.028, F.A.C.

Carryover and "Carryback" mean any net operating loss, net capital loss, excess tax credit, or other similar Tax item which may or must be carried forward or back, respectively, from one Tax Period to another under the Code or other applicable Law.