Income tax purposes definition

Income tax purposes means for the purpose of computing income tax under the provisions of the Internal Revenue Code or the income tax provisions of the laws of a State or political subdivi- sion of a State (including franchise taxes).
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Income tax purposes means U.S. federal income and applicable state, local and foreign income and franchise tax purposes.
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Income tax purposes means for the purpose of computing actual income tax under the provisions of the Internal Federal Energy Regulatory Commission § 154.307 Revenue Code or the income tax provi- sions of the laws of a State or political subdivision of a State (including fran- chise taxes).
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Examples of Income tax purposes in a sentence

  • The Company and the Initial Purchaser agree that the issue price of the Offered Securities for U.S. Federal Income tax purposes is $916.35 per $1,000 principal amount of Notes and $16.00 per Share.

  • For Income tax purposes, holding period shall be calculated from the date of investment in respective investment Plans and not the date of original investment in the Scheme.

  • Except as disclosed on SCHEDULE 4.14, the Assets are not subject to any joint venture, partnership or other arrangement or contract which is treated as a partnership for Federal Income tax purposes.

  • Since its inception, Cakewalk has been treated as a partnership for Federal Income tax purposes, has filed all Tax Returns required to be filed by it and has paid the Taxes reflected thereon.

  • It is the intent of the parties that the purchase and sale of the Shares as contemplated in this Agreement be treated as a taxable transaction for United States Federal Income tax purposes.

  • The allocation method set forth in this Article is intended to allocate net profits and net losses to the Partners for Federal Income tax purposes in accordance with their economic interests in the Partnership while complying with the requirements of Internal Revenue Code Section 704(b) and the Regulations promulgated thereunder.

  • In 2012-2013: 113 health providers from all district hospitals have been trained along with 307 health providers in 164 Health centers from 8 districts: RUBAVU, MUSANZE, NYABIHU, NGORORERO, BUGESERA, MUNINI, NYAMAGABE and GICUMBI.

  • Please refer “load structure” for further details on exit load. For Income tax purposes, holding period shall be calculated from the date of investment in the respective plan instead of date of original investment in the Fund.

  • For Federal Income tax purposes, the Swap Account is deemed to have a value of $0.

  • The adjusted issue price of old debt is typically the outstanding principal balance plus any previously accrued interest that has been deducted for Federal Income tax purposes.


More Definitions of Income tax purposes

Income tax purposes means the assessment and collection of income tax; “police purposes” means —
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Related to Income tax purposes

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • Disregarded Entity means a single member limited liability company, a qualifying subchapter S subsidiary, or another entity if the company, subsidiary, or entity is a disregarded entity for federal income tax purposes.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • PAYEE TAX REPRESENTATIONS Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

  • Income means the following:

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Book-Tax Disparities means, with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Exhibit B and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

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

  • Non-U.S. Tax Person A person other than a U.S. Tax Person.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Incremental Income Tax means the total amount withheld

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.