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 the energy credit described in Section 48 of the
Sample 1Sample 2Sample 3

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).

  • Current REC prices are based on adjustment from Adjustable Block Program REC prices to assume projects do not receive the Federal Investment Tax Credit.

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

  • 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.

  • Proposed prices may neither be conditioned upon nor subject to adjustment based upon the availability of the Federal Production Tax Credit or the Federal Investment Tax Credit, or the availability or receipt of any other government grant or subsidy.

  • 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).

  • The column with U.S. federal, state, and local taxes paid or accrued includes deductions for the U.S. Federal Investment Tax Credit ($198 million in 2008)13 and the effect of the Alternative Minimum Tax ($34 million in 2008).

  • In some cases, the systems will be owned by an equity partner that can take advantage of the Federal Investment Tax Credit.

  • 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.

  • Proposed prices may not 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 or receipt of any other government grant or subsidy.These forms of pricing are conforming under this RFP.


More Definitions of Federal Investment Tax Credit

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
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 or F of the Code.

  • 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 the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • 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;

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • 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, 1962 (Act No. 58 of 1962);

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Federal internal revenue code means the federal internal

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

  • Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. Part 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 the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the 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 Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this 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 Corporation 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 the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Collateral Initial Invested Amount means $__________.

  • 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.