Entire net income definition

Entire net income means total net income from all sources, whether within or without the United States, and shall include the gain derived from the employment of capital or labor, or from both combined, as well as profit gained through a sale or conversion of capital assets.
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Entire net income means the taxpayer's federal taxable income, computed without regard to an S corporation election, and subject to certain modifications. Among other modifications, entire net income must be computed without any deduction for federally allowable net operating losses, but deductions are allowed for 17 percent of interest income from subsidiary capital, 60 percent of dividend income and net gains from subsidiary capital, and 22 1/2 percent of interest income on obligations of the United States or of New York State or its political subdivisions (other than those held for resale in connection with regular trading activities).
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Entire net income means the taxpayer's federal taxable income, computed without regard to an S corporation election, subject to certain modifications. Real estate investment trusts and regulated investment companies are subject to tax on "real estate investment trust taxable income" or "investment company taxable income," respectively, as defined in the Internal Revenue Code, with certain modifications.
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Examples of Entire net income in a sentence

  • Entire net income is prima facie Federal taxable income before NOLs and special deductions.

  • Entire net income minus the first two categories results in business income.

  • Citation: N.J.S.A. 54:10A-4(k)(2)(B) Effective Date: 1/1/2002 2012 Estimate: $2,439,400,000 Description: Entire net income shall be determined without the exclusion, deduction or credit of any part of any income from dividends or interest on any kind of stock, securities or indebtedness.

  • Excess interest deductions attributable to gross exempt income (if line 23 is more than line 22,subtract line 22 from line 23; otherwise enter 0) 25.31511791 NYC-2.1 - 2017Form NYC-2.1 - 2017 NAME: EIN: Page 2 SCHEDULE B continued - Other exempt income (see instructions)Part 7 - Entire net income (ENI) limitation on other exempt income26.

  • Entire net income in defined in Section 1453(a) of the Tax Law as "total net income from all sources which shall be the same as the entire taxable income (but not alternative minimum taxable income) ...

  • Entire net income after NOL deduction (line 7 minus line 8) ..................................................

  • Entire net income (line 8 less line 17) (see instructions) 18.19.

  • Subsection (d) of section 1453 of the tax law, as amended by 23 chapter 817 of the laws of 1987, is amended to read as follows: 24 (d) Entire net income shall not include any refund or credit of a tax 25 for which no exclusion or deduction was allowed in determining the 26 taxpayer's entire net income under this article or articles [nine-a, 27 nine-b or nine-c] nine-A or twenty-three of this chapter for any prior 28 year.

  • In addition, each taxable member of the combined S group must pay the fixed dollar minimum tax.Tax RatesThe current tax rates are:Entire net income base 09Entire net income base for qualified small business taxpayers with: Entire net income base of $200,000 or less 08Entire net income base of more than $200,000 but not more than $290,0001.

  • Entire net income is defined in Section 11-641(a) of the Tax Law as "total net income from all sources which shall be the same as the entire taxable income (but not alternative minimum taxable income)...


More Definitions of Entire net income

Entire net income means the taxpayer's federal taxable income, computed without regard to an S corporation election, and subject to certain modifications. A net operating loss carry-forward deduction is allowed for losses sustained in tax years beginning after 2008. Deductions are also allowed for 17 percent of interest income from subsidiary capital, 60 percent of dividend income and net gains from subsidiary capital, and 22½ percent of interest income on obligations of the United States or of New York State or its political subdivisions (other than those held for resale in connection with regular trading activities).
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Entire net income means the taxpayer's federal taxable income, computed without regard to an S corporation election, subject to certain modifications. Real estate investment trusts and regulated investment companies are subject to tax on “real estate investment trust
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Entire net income means total net income from all sources, whether within or without the United States, and shall include the gain derived from the employment of capital or labor, or from both combined, as well as profit gained through a sale or conversion of capital assets. For the purpose of this act, the amount of a taxpayer's entire net income shall be deemed prima facie to be equal in amount to the taxable income, before net operating loss deduction and special deductions, which the taxpayer is required to report to the United States Treasury Department for the purpose of computing its federal income tax; provided, however, that in the determination of such entire net income,
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Entire net income means net income apportioned to this state under section 12-
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Entire net income means total net income from all sources, whether within or outside the United States, and includes:
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Entire net income means total net income from all sources, whether within or without the United States, and shall include the gain derived from the employment of capital or labor, or from
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Related to Entire net income

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP, provided that:

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);