Federal Production Tax Credit definition

Federal Production Tax Credit means production tax credit under Section 45 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 renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible.
Sample 1Sample 2Sample 3

Examples of Federal Production Tax Credit in a sentence

  • Seller represents that, as of the Effective Date, a portion of the Generating Facility qualifies for and Seller will take the Federal Production Tax Credit; provided, however, that Seller may elect a different Federal Tax Credit in the event of a Facility Repower.

Related to Federal Production Tax Credit

  • non-taxable territory means the territory which is outside the taxable territory;

  • Input Tax Credit means the credit of input tax;

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

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

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

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

  • Balancing Authority Area or “BAA” shall mean the collection of generation, transmission, and loads within the metered boundaries of the Balancing Authority. The Balancing Authority maintains load-resource balance within this area.

  • Transaction Taxes has the meaning set forth in Section 6.01.

  • taxable territory means the territory to which the provisions of this Act apply;

  • Union territory tax means the Union territory goods and services tax levied under the Union Territory Goods and Services Tax Act;

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

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

  • Agricultural production means the commercial production of food or fiber.

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

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

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • State-certified production means a qualified production

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;