Cumulative change definition

Cumulative change means the difference arrived at by subtracting all reductions as permitted by Section 9.20 of the Illinois Business Corporation Act in paid-in capital (if any) from all increases in paid-in capital (if any). However, a net reduction in paid-in capital reported on Form BCA 14.30 filed after the statutory due date does not reduce the basis for the annual franchise tax until the subsequent year.
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Examples of Cumulative change in a sentence

  • Cumulative change orders which exceed the charter limit [$100,000 as of December 2, 2021] and is adjusted annually on July 1st of each year) plus ten percent of the initial contract price over one hundred thousand dollars ($100,000) require CITY Council approval.

  • Cumulative change orders which exceed the charter limit [$75,000 as of March 1, 2015] and is adjusted annually on July 1st of each year) plus ten percent of the initial contract price over one hundred thousand dollars ($100,000) require CITY Council approval.

  • Home and Home Improvement Loans Cumulative change since the beginning of 2001 600 −200 March 1998 March 1999 March 2000 March 2001 Euro Foreign currency The public xector wax alxo key to the downturn in credit xince the beginning of 2ool.