Credit year definition

Credit year means the taxable year for which the member is com- puting the credit.

Credit year means the tax year in which costs are

Credit year means the year for which the credit is being claimed.

Examples of Credit year in a sentence

• An applicant currently on the waiting list must submit a completely new application packet in the next funding round, which is a new Tax Credit year, to receive consideration for a Tax Credit commitment.

• MBOH may approve conversion of previously awarded Credits from the original Credit year of the Credits Awarded to a more recent Credit year (“Credit Refresh”) for Projects that have been issued a Carryover Allocation (Initial Allocation) and for which MBOH has approved such 10% Cost Certification.

• The maximum Credit Award for a Project will be determined based upon the state’s Available Annual Credit Allocation for the Housing Credit year from which the Project is first Awarded HCs. If the state’s Available Annual Credit Allocation is not known as of 20 business days prior to the applicable application deadline, the Available Annual Credit Allocation from the previous year will be used, subject to later adjustment once the state’s actual Available Annual Credit Allocation is known.

• The maximum Credit Award for a Project will be determined based upon the state’s Available Annual Credit Allocation for the Housing Credit year from which the Project is first Awarded HCs .

• The reduction of graph GQDE(Σ) to its skeleton Gasync(f Σ) allows us to use the asynchronous state transition graph to analyze the graph GQDE(Σ).

More Definitions of Credit year

Credit year means the taxable year for which the member is computing the credit.

Credit year means the first taxable year following the taxable year in which the international trade

Credit year means the taxable year in which a qualified business entity claims the tax credit authorized under this subtitle.

Credit year means the taxable year in which the

Credit year means the taxable year for which the member is computing the RTMC.(3) Computation of the group credit. All members of a controlled group are treated as a single taxpayer for pur- poses of computing the RTMC. The group credit is computed by applying all of the section 45G computational rules (including the rules set forth in this section) on an aggregate basis.(4) Allocation of the group credit—(i) In general. (A) To the extent the group credit (if any) computed under para- graph (f)(3) of this section does not ex- ceed the sum of the stand-alone entity credits of all of the members of a con- trolled group, computed under para- graph (f)(4)(ii) of this section, such group credit shall be allocated among the members of the controlled group in proportion to the stand-alone entity credits of the members of the con- trolled group, computed under para- graph (f)(4)(ii) of this section: group credit that does not exceed sum of all the members’stand-along entity credits × member ’s stand-alone entity credit Sum of all the members’stand-alone entity credits. (B) To the extent that the group credit (if any) computed under para- graph (f)(3) of this section exceeds the sum of the stand-alone entity credits of all of the members of the controlled group, computed under paragraph(f)(4)(ii) of this section, such excess shall be allocated among the members of a controlled group in proportion to the QRTMEs of the members of the controlled group: (group credit less the sum of all the × QRTMEs of members that are eligible taxpayers members’stand-alone entity credits)sum of QRTMEs of all members that are eligible taxpayers. (ii) Stand-alone entity credit. The term stand-alone entity credit means the RTMC (if any) that would be allowable to a member of a controlled group if the credit were computed as if section 45G(e)(2) did not apply, except that the member must apply the rules provided in paragraphs (f)(5) (relating to consoli- dated groups) and (f)(8) (relating tointra-group transactions) of this sec- tion.(5) Special rules for consolidated groups—(i) In general. For purposes of applying paragraph (f)(4) of this sec- tion, a consolidated group whose mem- bers are members of a controlled group is treated as a single member of the controlled group and a single stand-

Credit year means the first taxable year in which an eligible economic development project is placed in service and each taxable year thereafter in which the qualified business entity is eligible to use a project tax credit or a start-up tax credit.

Credit year see Section 3.6.