Corporate Taxable Income definition

Corporate Taxable Income means the income or loss of an associate company for a tax year computed as though such company had filed a separate return on the same basis as used in the Consolidated Return, except that dividend income from associate companies shall be disregarded, and other intercompany transactions eliminated in the Consolidated Return shall be given appropriate effect.
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Corporate Taxable Income or "corporate taxable loss" shall mean the income or loss of a member of the Group for a taxable year, computed as though the member had filed a separate federal income tax return on the same basis as used in the consolidated return, except that:
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Corporate Taxable Income means the income or loss of a member, computed as though the member had filed a separate return on the same basis as used in the consolidated return, except that dividends or distributions from members shall be disregarded, and other intercompany transactions eliminated in the consolidated return shall be given appropriate effect. Carryovers and carrybacks shall be taken into account unless the member has been paid a corporate tax credit therefor under paragraph 4 of this Agreement.
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Examples of Corporate Taxable Income in a sentence

  • Pursuant to Rule 45(c)(3), to the extent the sum of all subsidiaries’ Corporate Taxable Income differs from the Consolidated Taxable Income, or the Separate Return Tax differ from the Consolidated Tax Liability, because of the effect of excluding intercompany transactions in the computation of consolidated amounts, the allocation under Section 3.1 shall be adjusted.

  • In the event that EUSH has positive Corporate Taxable Income, rather than the typical case where it would be expected to have a negative Corporate Taxable Income, EUSH also would pay its tax liability in the manner computed for all other Members, except that it wound not be able to recoup previous net operating losses.

  • Each subsidiary shall pay to PHI its allocated federal income tax liability resulting from the Corporate Taxable Income solely attributable to that particular subsidiary.

  • Not later than the fifteenth day of July, September, December and March of each fiscal year ending March 31, each subsidiary shall make a reasonable determination of its Corporate Taxable Income and Separate Return Tax (or Corporate Tax Credit, as the case may be), after taking into account any carryover or carryback of unused Corporate Tax Credits for which the subsidiary has not already been compensated pursuant to Section 4.3 of this Agreement.

  • Herita Akamah, University of Nebraska–Lincoln; Xiao Song, University of Nebraska–Lincoln Discussant: Christina Ruiz, Arizona State UniversityIncorporating Financial Statement Information to Improve Forecasts of Corporate Taxable Income.

  • It filed a New York Federal Changes to Corporate Taxable Income Report, Form CT-3360, dated April 12, 1999, which claimed a refund of New York corporation franchise tax for the year 1995 in the amount of $306,913.00 based upon an amended New York combined franchise tax report.

  • The tax is computed at the rate of 2.1% of the consideration given for the gas.Form CT-189 is filed quarterly (See TSB-M-91(5)C and TSB-M-97(3)C for more information.)Form CT-3360, Federal Changes to Corporate Taxable Income, must be filed by a combined group to report any correction made by the IRS in taxable income previously reported for any year, including changes based on the renegotiation of a government contract.

  • In the event of negative Corporate Taxable Income, the Separate Return Tax will be the sum of: (i) the negative Corporate Taxable Income multiplied by the highest applicable rate under Section 11 of the Code (and the Regulations thereunder) to which the Affiliated Group’s taxable income was subject to tax in computing the Consolidated Tax, and (ii) such Subsidiary’s (or Parent’s) allowable tax credits.

  • Increase from 2018/2019 estimate is to due increased growth in household incomes.2. Corporation Income Tax: $44,220 over 2017/2018 Actual$39,619 over 2018/2019 Estimate Increase from 2017/2018 actual is due to a revision in the federal estimate of national Corporate Taxable Income (CIT).

  • However, this result needs to be confirmed by a much larger sample to verify that they are not the result of chance.


More Definitions of Corporate Taxable Income

Corporate Taxable Income is the income or loss of a Company for a tax year, computed as though such Company had filed a separate return on the same basis as used in the consolidated return, except that dividend income from the Companies shall be disregarded, and other intercompany transactions eliminated in the consolidated return shall be given appropriate effect. It shall further be adjusted to allow for applicable rights accrued to a Company for the recognition of negative corporate taxable income consistent with the provisions of Article II herein, but carryovers and carrybacks shall not be taken into account as loss Companies are to receive current payment of their Corporate Tax Credits. If a Company is a member of the registered system's consolidated tax group for only part of a tax year, that period will be deemed to be its tax year for all purposes for that year under this Agreement.
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Corporate Taxable Income is the taxable income of a subsidiary company for a tax year, computed as though such company had filed a separate return on the same basis as used in the consolidated return, except that dividend income from subsidiary companies shall be disregarded, and other intercompany transactions, eliminated in consolidation, shall be given appropriate effect.
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Corporate Taxable Income means the taxable income or loss of a Member for a tax year computed as though such company had filed a separate return on the same basis as used in the Consolidated Return, except that dividend Income from Members shall be disregarded, and other
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Corporate Taxable Income or "Corporate Taxable Loss" shall mean the income or loss of a Member for a taxable year, computed as though the Member
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Corporate Taxable Income is the income or loss of a Company for a tax year, computed as though such Company had filed a separate return on the same basis as used in the consolidated return, except that dividend income from the Companies shall be disregarded, and other intercompany transactions eliminated in the consolidated return shall be given appropriate effect. It shall further be adjusted to allow for applicable rights accrued to a Company for the recognition of negative corporate taxable income consistent with the provisions of Article II herein, but carryovers and carrybacks shall not be taken into account as loss Companies are to receive current payment of their Corporate Tax Credits. If a Company is a member of the registered system's consolidated tax group for only part of a tax year, that period will be deemed to be its tax year for all purposes for that year under this Agreement. 1.4 "Separate Return Tax" is the tax on the Corporate Taxable Income of a Company computed as though such Company was not a member of a consolidated group.
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Corporate Taxable Income is the income or loss of any party for a tax year, computed as though such party had filed a separate return on the same basis as used in the consolidated, combined or unitary tax return, except that dividend income from parties hereto that is not included in the gross income of a party receiving such income shall be disregarded, and other intercompany transactions eliminated in the consolidated, combined or unitary return shall be given appropriate effect. It shall be further adjusted to allow for applicable rights accrued to such party under Rule 45(c) promulgated under PUHCA, on the basis of other tax years, but carryovers or carrybacks shall not be taken into account if the party has been compensated therefor. If a party is a member of the Parent Company's consolidated, combined or unitary tax group for only part of a tax year, that period will be deemed to be in its tax year for all purposes of this Agreement.
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Related to Corporate Taxable Income

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Disposable income means that part of the income due and payable of any individual remaining

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Available Income means the Up-MACRO Available Income or the Down-MACRO Available Income, as applicable.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Taxable means either:

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Deconsolidation shall have the meaning provided in the Recitals.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • taxable service means any service provided or to be provided –

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.