Federal tax credit definition

Federal tax credit means the federal low-income

Federal tax credit means either Federal Investment Tax Credit or Federal Production Tax Credit.

Federal tax credit means the Federal Rehabilitation Tax Credit as defined in the United States Tax Code, Title 26, Subtitle A, Chapter 1, Subchapter A, Part IV, Subpart E, Section 47.

Examples of Federal tax credit in a sentence

• Federal tax credit factor must be at least $1.00 for self-syndication projects or at least $0.85 for all other projects.

• The State of Hawaii created a State Low-Income Housing Tax Credit which is equal to fifty percent (50%) of the Federal tax credit allocated to a project.

• The Tax Credit and HOME Compliance Unit is charged with monitoring compliance of tax credit recipients with Federal tax credit regulations.

• MCCs are authorized under the Tax Reform Act of 1986 and allow the borrower to receive a Federal tax credit for a percentage of their mort- gage interest payment.

• If the applicant is obligated to pay child care costs, the amount of any Federal tax credit for which the appli- cant is eligible may be added to the ap- plicant’s qualifying income.(ii) In considering income that is not subject to Federal income tax, the amount of tax savings attributable to the nontaxable income may be added for use with the repayment ratios.

More Definitions of Federal tax credit

Federal tax credit means the low-income housing tax credit under Section 42 of the Code. "Floor Space Fraction" means the fraction, the numerator of which is the total floor space of the Low-Income Units in a building and the denominator of which is the total floor space of the Units in such building.

Federal tax credit means the low-income housing tax credit under Section 42 of the Code.

Federal tax credit means the federal low-income housing tax credit provided by section 42 of the federal internal revenue code;

Federal tax credit means a federal low income housing

Federal tax credit means the federal low-income housing tax credit provided by

Federal tax credit means the federal low-income housing tax credit provided by section 42 of the internal revenue code. but excluding the credit referred to in section 42 (h) (4) of the internal revenue code.

Federal tax credit means an income tax credit the United States government issues to a taxpayer for a solar energy system that meets United States government requirements.