Federal credit definition

Federal credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

Federal credit means the 4% Credit and/or 9% Credit, as specified or implied in context.

Federal credit means (a) for a transfer, the maximum amount

Examples of Federal credit in a sentence

• Similarly, a convertible debt obligation issued by a cemetery company or crematorium after July 7, 1975, is considered an interest in the net earnings of the organization.[T.D. 7698, 45 FR 33972, May 21, 1980] § 1.501(c)(14)–1 Credit unions and mu- tual insurance funds.Credit unions (other than Federal credit unions described in section 501(c)(1)) without capital stock, orga- nized and operated for mutual purposes and without profit, are exempt from tax under section 501(a).

• Federal credit programs subject to the Federal Credit Reform Act of 1990 use the cash basis of accounting and are divided into two components.

• A Federal credit union may not invest in SMBS or securities that represent interests in SMBS except as described in paragraphs (1) and (3) below.

• Surplus funds must be deposited in State or national banks, State or Federal savings and loan associations, or State or Federal credit unions within the State of California.

• Increase in general 12-year limitation of term of Federal credit union loans to 15 years.

More Definitions of Federal credit

Federal credit means the maximum amount of the credit for state death taxes allowable by § 2011

Federal credit means the credit allowed under section 47(a)(2) of the Internal Revenue Code.

Federal credit means the credit allowed under section 47(a) of the Internal Revenue Code, except that the amount allowed is deemed to be allocated in the taxable year that the project is placed in service.

Federal credit means the maximum amount of the credit for state death taxes allowable by § 2011 of the United States Internal Revenue Code of 1954, as amended or renumbered, or successor provision, in respect to a decedent's taxable estate. The term "maximum amount" shall be construed as to take full advantage of such credit as the laws of the United States may allow. In no event, however, shall such amount be less than the federal credit allowable by § 2011 of the Internal Revenue Code as it existed on January 1, 1978.

Federal credit means the maximum amount of the credit for state death taxes allowable by Internal Revenue Code Section 2011. The term “maximum amount” must be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code Section 2011, but (a) only after taking into account other federal estate tax credits permitted by the Internal Revenue Code and (b) not in excess of the amount necessary to reduce the federal estate tax to zero.

Federal credit means the maximum amount of the credit for state death taxes allowable by Section 2011 of the Internal Revenue Code. The term "maximum amount" shall be construed so as to take full advantage of the credit as allowed by the Internal Revenue Code;

Federal credit means the 4% Credit and/or 9% Credit, as specified or implied in context the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.