Income Category definition

Income Category means a category of income or gain for which a separate Income Tax rate is applicable (such as ordinary income, long-term capital gain to a noncorporate Member, “unrecaptured Section 1250 gain,” “qualified dividend income,” and “collectibles gain” (each as defined under Section 1(h) of the Code)).
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Income Category means the income category to be used to qualify Eligible Purchasers and determine the Affordable Sales Price for the Below Market Units.
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Income Category means Moderate-Income, Low-Income, and Very Low-Income household as defined in this section.
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Examples of Income Category in a sentence

  • The totals for Income Category and for Racial Data should each match with the Total Number Served.

  • Sale prices for the Below Market Units shall be the Affordable Sales Price for a household of the Household Size Appropriate for the Unit in the applicable Income Category at the time of sale, as determined by the City and Attachment 1.

  • Annualized "Year" Period Ended Borrower Statement Classification Actual Adjustment Normalized Rental Income (Category 1) Rental Income (Category 2) Rental Income (Category 3) Pass Throughs/Escalations Other Income Effective Gross Income $0.00 $0.00 $0.00 Normalized - Full year financial statements that have been reviewed by the Servicer.

  • Year Period Ended Borrower Statement Classifications Actual Adjustment Normalized Rental Income (Category 1) Rental Income (Category 2) Rental Income (Category 3) Pass-Throughs/Escalations Other Income Effective Gross Income $ - $ - $ - Normalized - Full year financial statements that have been reviewed by the Servicer.

  • The Below Market Units may initially be sold only to Eligible Purchasers of the applicable Income Category as solely determined by City and/or Administrator.


More Definitions of Income Category

Income Category means the income category to be used to qualify Eligible Households and determine the Affordable Sales Price for the BMR Units.
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Income Category means and refers to the following categories: Low-Income, Moderate-Income and Middle-Income, as those categories are further defined and set forth herein and in the Procedures Manual.
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Income Category means Extremely Low Income Household, Very Low Income Household, Lower Income Household, and Moderate Income Household.
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Related to Income Category

  • eligible Category means Category (1) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • Price Category means the price category and associated eligibility criteria referred to in Schedule 7 that determine the Price(s) that apply to an ICP;

  • Loss Category means the code in the Registry, and in the schedule of Loss Category codes and Loss Factors made available by the Distributor, which enables traders to identify the Loss Factor(s) applicable to an ICP on the Network at any point in time;

  • Issue Type Category means, with respect to a Municipal Obligation acquired by the Fund, for purposes of calculating S&P Eligible Assets as of any Valuation Date, one of the following categories into which such Municipal Obligation falls based upon a good faith determination by the Fund: health care issues (including issues related to