Federal Investment Tax Credit definition

Federal Investment Tax Credit means investment tax credit under Section 48 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to capital investment in equipment used to produce renewable electric energy from solar energy resources for which Seller, as the owner of the Generating Facility, is eligible.
Sample 1Sample 2Sample 3
Federal Investment Tax Credit means the energy credit described in Section 48 of the Code.
Sample 1Sample 2Sample 3
Federal Investment Tax Credit means investment tax credit under Section 48 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to capital investment in equipment used to produce renewable electric energy from [solar][geothermal] energy resources for which Seller, as the owner of the Generating Facility, is eligible.
Sample 1Sample 2

Examples of Federal Investment Tax Credit in a sentence

  • Host will not have access to incentives such as the Federal Investment Tax Credit or Solar Renewable Energy Certificates (SRECs).

  • Host will not have access to incentives such as the Federal Investment Tax Credit or Solar Renewable Energy Certificates (SREC’s).

  • The Federal Investment Tax Credit (ITC) has been instrumental in supporting the deployment and growth of solar energy in the U.S. The ITC currently offers a 30% tax credit towards the investment cost of solar systems.

  • Host acknowledges that notwithstanding such payment Host shall not be entitled to any solar financial incentives including, but not limited to, the Federal Investment Tax Credit and Solar Renewable Energy Credits (SRECs).

  • Duke Energy’s compliance with NC REPS and the Public Utilities Regulatory Policy Act (PURPA) as well as the Federal Investment Tax Credit (ITC) were key factors behind the high penetration of solar in the state.

  • The TPO model allows GRID to leverage Federal Investment Tax Credit financing and is expected to play a significant role in funding SASH 2.0 projects.

  • This condition must be met in order to qualify for the Federal Investment Tax Credit (ITC).

  • SWEPCO is seeking Solar Projects that will qualify for the Federal Investment Tax Credit (ITC).

  • Proposed Purchase Prices shall not include any Subscriber Savings or On-bill Credit and cannot be conditioned upon or subject to adjustment based upon the availability of the Federal Production Tax Credit or the Federal Investment Tax Credit, or the availability, receipt, or continuation of any other tax treatment or government grant or subsidy.

  • Though historically remote net-metering 1 Federal Investment Tax Credit https://www.irs.gov/businesses/qualifying-advanced-energy-project-credit-section-48chas not presented an opportunity for energy storage to create value, the Value of DER being implemented by the New York State Public Service Commission is changing this value proposition.


More Definitions of Federal Investment Tax Credit

Federal Investment Tax Credit means an investment tax credit to which a corporation becomes entitled in a taxation year under section 127 of the federal Act that is in respect of scientific research and experimental development;
Sample 1

Related to Federal Investment Tax Credit

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Input Tax Credit means the credit of input tax;

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Qualified United States financial institution means an institution that:

  • Federal covered investment adviser means a person registered under the Investment Advisers Act of 1940.

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Federal internal revenue code means the internal revenue code of the United States in effect on the last day of the taxpayer's tax year.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. 1.45D-1(d).

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.