Current taxable year definition

Current taxable year means the taxable year for which the
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Current taxable year means, as to Colt or any of its Subsidiaries (or, as applicable, as to any Colt Consolidated Group) and as to any Tax, the Taxable year in which the Transactions occur. If the Current Taxable Year is a Straddle Period, then the Current Taxable Year shall refer to the portion of the Straddle Period that is a Pre-Closing Period.
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Current taxable year means the applicant's taxable year for state income tax purposes as of the last day to submit an application during the application period.
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Examples of Current taxable year in a sentence

  • The seller shall not be considered to have treated an indebtedness as worth- less in any taxable year for which he took the standard deduction under sec- tion 141 or paid the tax imposed by sec- tion 3 if a deduction in respect of such indebtedness was not allowed in deter- mining adjusted gross income for such year under section 62.(ii) Current taxable year.

  • The seller shall not be considered to have treated an indebtedness as worth- less in any taxable year for which he took the standard deduction under sec- tion 141 or paid the tax imposed by sec- tion 3 if a deduction in respect of such § 1.1038–1indebtedness was not allowed in deter- mining adjusted gross income for such year under section 62.(ii) Current taxable year.

  • The seller shall not be considered to have treated an indebtedness as worth- less in any taxable year for which he took the standard deduction under sec- tion 141 or paid the tax imposed by sec- tion 3 if a deduction in respect of such Internal Revenue Service, Treasury § 1.1038–1 indebtedness was not allowed in deter- mining adjusted gross income for such year under section 62.(ii) Current taxable year.

  • Current taxable year, for taxpayers who report on a calendar year basis, the current calendar year; for taxpayers who report on a fiscal year basis, the taxable year that begins during the current calendar year unless the taxable year ends on or after September 30 of the current calendar year, in which case, the current taxable year shall be the taxable year ending during the current calendar year.


More Definitions of Current taxable year

Current taxable year means the taxable year for which the exemption under this Section is being applied.
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Current taxable year means the taxable year Eor which the
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Related to Current taxable year

  • 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.

  • 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.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.