Federal Tax Credit Legislation definition

Federal Tax Credit Legislation means validly enacted federal legislation that provides federal income tax credits for owners of facilities that utilize equipment which receives, stores, and delivers electric energy using batteries or other energy storage technologies.
Sample 1Sample 2
Federal Tax Credit Legislation means validly enacted federal legislation that either (i) extends the Federal Investment Tax Credit in its current form, or (ii) extends to owners of solar and geothermal generating facilities the applicability of a renewable energy tax credit determined by reference to capital investment in (A) the construction of the Project or (B) equipment used to produce renewable energy from solar or geothermal energy resources for which Seller, as the owner of the Project, is eligible.
Sample 1Sample 2Sample 3
Federal Tax Credit Legislation means (1) validly enacted federal legislation extending the applicability and rate of the renewable energy production tax credit (26 U.S.C. § 45) to owners of generating facilities which use closed-loop biomass, geothermal energy, and solar energy to produce electric energy which are placed in service on or before [Commercial Operation Deadline], on terms no less favorable to owners of closed-loop biomass, geothermal energy, and solar energy generating facilities than those available with respect to such facilities placed in service on or before January 1, 2011 pursuant to the law governing Production Tax Credits as in effect on October 3, 2008, including, but not limited to, a tax credit allowable for at least ten years of at least Twenty-One dollars ($21) per MWh in 2009 dollars adjusted for inflation as set forth therein; (2) validly enacted federal legislation extending the applicability and rate of the renewable energy production tax credit (26 U.S.C. § 45) to owners of generating facilities which use open-loop biomass facilities, small irrigation power facilities, landfill gas facilities, trash facilities, and qualified hydropower facilities to produce electric energy which are placed in service on or before [Commercial Operation Deadline], on terms no less favorable to owners of open-loop biomass facilities, small irrigation power facilities, landfill gas facilities, trash facilities, and qualified hydropower facilities generating facilities than those available with respect to such facilities placed in service on or before January 1, 2011 pursuant to the law governing Production Tax Credits as in effect as of October 3, 2008, including, but not limited to, a tax credit allowable for at least ten years of at least Ten dollars ($10) per MWh in 2009 dollars adjusted for inflation as set forth therein; (3) validly enacted federal legislation extending the applicability and rate of the renewable energy production tax credit (26 U.S.C. § 45) to owners of qualified generating facilities which use marine and hydrokinetic renewable energy to produce electric energy, which are placed in service on or before [Commercial Operation Deadline], on terms no less favorable to owners of marine and hydrokinetic generating facilities than those available with respect to such facilities placed in service on or before January 1, 2012 pursuant to the law governing Production Tax Credits as in effect on the Effective Date including, but not limited to, a tax credit allowa...
Sample 1Sample 2Sample 3

Examples of Federal Tax Credit Legislation in a sentence

  • Subject to the preceding sentence, the Commercial Operation Deadline will be extended on a day-for-day basis for any delay in enactment of the Federal Tax Credit Legislation beyond [Date].

  • Seller represents and warrants to SCE that the Product Price includes and reflects the assumption that Seller (or its Lender, upstream parent, or other Affiliate) will be eligible for federal tax credits with respect to the Project at a [SCE Note: insert applicable percentage in text] percent ([SCE Note: insert applicable percentage numerically]%) rate (“Tax Credit Percentage”) pursuant to Federal Tax Credit Legislation.


More Definitions of Federal Tax Credit Legislation

Federal Tax Credit Legislation means (a) validly enacted federal legislation extending the applicability and rate of the renewable energy production tax credit (26 U.S.C. § 45) to owners of generating facilities which use closed-loop biomass, geothermal energy, and solar energy to produce electric energy which are placed in service on or before December 31, 2014, on terms no less favorable to owners of closed- loop biomass, geothermal energy, and solar energy generating facilities than those available with respect to such facilities placed in service on or before January 1, 2011 pursuant to the law governing Federal Production Tax Credits as in effect on October 3, 2008, including, but not limited to, a tax credit allowable for at least ten years of at least Twenty-One dollars ($21) per MWh in 2009 dollars adjusted for inflation as set forth therein; or (b) validly enacted federal legislation extending the applicability and rate of the investment tax credit (26 U.S.C. § 48) to owners of certain solar facilities and combined heat and power systems using biomass to produce electric energy which are placed in service on or before December 31, 2014, on terms no less favorable to owners of solar facilities generating facilities than those available with respect to such facilities placed in service on or after January 1, 2008 and before January 1, 2017 pursuant to the law governing Federal Investment Tax Credits as in effect on October 3, 2008 (for Sellers that select box (a), the Federal Investment Tax Credit, in Section 1.11).
Sample 1Sample 2
Federal Tax Credit Legislation means validly enacted federal legislation that provides income tax credits for owners of facilities that utilize equipment which receives, stores, and delivers electric energy using batteries.
Sample 1Sample 2

Related to Federal Tax Credit Legislation

  • UK Bail-in Legislation means Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings).

  • Tax Legislation means all statutes, statutory instruments, orders, enactments, laws, by-laws, directives and regulations, whether domestic or foreign decrees, providing for or imposing any Tax.

  • Bail-In Legislation means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

  • GST Legislation means A New Tax System (Goods and Services Tax) Xxx 0000 (Cth) and any related tax imposition act (whether imposing tax as a duty of customs excise or otherwise) and includes any legislation which is enacted to validate recapture or recoup the tax imposed by any of such acts.

  • FOI Legislation means the Freedom of Information Xxx 0000, all regulations made under it and the Environmental Information Regulations 2004 and any amendment or re-enactment of any of them; and any guidance issued by the Information Commissioner, the Department for Constitutional Affairs, or the Department for Environment Food and Rural Affairs (including in each case its successors or assigns) in relation to such legislation;

  • primary legislation means an Act, Act of the Scottish Parliament or Act or Measure of the National Assembly for Wales;

  • provincial legislation means legislation contemplated in section 10 of the Act promulgated by the Province;

  • Appropriate State Legislation means the State Employment and Skills Development Authority Act 1990.

  • GST legislations means ‘any or all of the following legislations as may be applicable to the CONTRACTOR and OIL:

  • Enabling Legislation means the CCA;

  • Local legislative body means a common council, village board of trustees or town board of supervisors.

  • Union harmonisation legislation means any Union legislation harmonising the conditions for the marketing of products;

  • customs legislation means any legal or regulatory provisions applicable in the territories of the Parties, governing the import, export and transit of goods and their placing under any other customs regime or procedure, including measures of prohibition, restriction and control;

  • Superannuation Legislation means the Federal legislation as varied from time to time, governing the superannuation rights and obligations of the parties, which includes the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993.

  • Bribery Legislation means the Bribery Act 2010 and any subordinate legislation made under it from time to time together with any guidance or codes of practice issued by the government concerning the legislation;

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • previous planning legislation means any planning legislation that is repealed by the Act or the provincial legislation;

  • Information Legislation means the Freedom of Information Act 2000, the Environmental Information Regulations 2004 and the Data Protection Act 1998 and any other subordinate legislation or Codes of Practice in relation to such legislation.

  • Protection Legislation means (i) the GDPR; (ii) the Data Protection Act 2018 to the extent that it relates to the processing of Personal Data and privacy; and (iii) all applicable Law relating to the processing of Personal Data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner, in each case as amended, supplemented or substituted from time to time; Domestic Successor means, as the context requires, either:

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

  • Relevant Legislation means Legislation in force in any jurisdiction where any part of the Activity may be carried out;

  • Data Protection Legislation means the Data Protection Act 1998 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner or relevant Government department in relation to such legislation;

  • Applicable Legislation means any statute of Canada or a province thereof, and the regulations under any such named or other statute, relating to warrant indentures or to the rights, duties and obligations of warrant agents under warrant indentures, to the extent that such provisions are at the time in force and applicable to this Indenture;

  • Applicable Data Protection Legislation means any national or internationally binding data protection laws or regulations (including but not limited to the GDPR and the Austrian Data Protection Act (“DSG”)) including any requirements, guidelines and recommendations of the competent data protection authorities applicable at any time during the term of this DPA to, as the case may be, the Data Controller or the Data Processor;

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

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time.