Examples of Incentive Deduction in a sentence
Tenant shall, upon expiration or sooner termination of this Lease, surrender the premises to Landlord in the same condition as existed upon completion of the Tenant Improvements (reasonable wear and tear and damage due to causes beyond the reasonable control of Tenant excepted) with all HVAC equipment in operating order and in good repair.
If applicable, please complete the federal business limit determined prior to the application of fed.s.125(5.1) as used in calculating the Incentive Deduction for Small Business Corporations (IDSBC) on page 4, line [55].If claiming an IDSBC, check the YES box and complete lines [50], [54], [55], [45] on page 4.
Income Tax (Pages 2 - 4)Effective January 1, 2004:• the general corporate income tax rate was increased to 14%;• the Incentive Deduction for Small Business Corporations was increased to 8.5%, thereby maintaining the small business tax rate at 5.5%; and• the business income limit was increased to $400,000.The above legislative changes were introduced in Bill 2 which received Royal Assent on December 18, 2003.On page 2, line [40] enter the amount of the corporation’s Income Tax that you determine.