Nexus definition

Nexus means that a partnership’s business activity is of such a degree that the state or foreign country has jurisdic- tion to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can’t impose an income tax or franchise tax based on net income on a partnership selling tangible personal property if the part- nership’s only activity in the state is the solicitation of or- ders, which orders are approved outside the state and are filled by delivery from a point outside the state.
Nexus means that a taxpayer’s business activity in a state or foreign country is of such a degree that the state or foreign coun- try has jurisdiction to impose an income tax or franchise tax mea- sured by net income on the taxpayer. Nexus may exist even if a state or foreign country does not impose a tax on the taxpayer. Conversely, voluntary filing and paying income or franchise taxes when not required to do so, or paying a fee for qualification, orga- nization or for the privilege of doing business in that state or for- eign country does not, in itself, create nexus.
Nexus means the causal relationship that must exist between the improvements and the expected development and redevelopment in the TIF Project Zone or the expected outcomes in the TIF Project Zone.

Examples of Nexus in a sentence

  • To receive TUMF funding, CETAP corridors must also be designated on the Regional System of Highways and Arterials as established in the TUMF Nexus Study, as most recently amended.

  • The running of time during the Tolled Period shall not be raised by County to prejudice any Developer as a defense or bar to claims or causes of action arising out of or otherwise related to Resolution 213-2024, the TIF Nexus Study, or TIF Fees.

  • As of the effective date of this Agreement, the Parties agree not to commence any litigation or other proceeding arising out of the adoption of Resolution No. 213-2024, the TIF Nexus Study, or TIF Fees between the Effective Date of this Agreement and the earlier of the Termination Date or termination under Section 5.

  • On December 3, 2024, the County adopted the Traffic Impact Fee (“TIF”) Nexus Study for the 2024 Major Update to the Traffic Impact Fee Program in Resolution 213-2024 (“TIF Nexus Study”) and updated the Highway 50 and Local Roads TIF Schedules (“TIF Fees”).

  • The Parties agree to meet and confer in good faith to try to consider Developers’ concerns with the TIF Nexus Study and resolve any conflicts arising under this Agreement prior to bringing any actions in court to enforce the Agreement.


More Definitions of Nexus

Nexus means the causal relationship that must exist between the
Nexus means the appearance of a connection between a
Nexus means that an exempt organization’s unrelated trade or busi- ness activity is of such a degree that the state or foreign country has jurisdiction to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can’t impose an in- come tax or franchise tax based on net income on an exempt organization selling tangible personal property if the exempt organization’s only activity in the state is the solicitation of orders, which orders are approved outside the state and are filled by deliv- ery from a point outside the state.
Nexus means that a taxpayer’s business activity in a state or foreign country is of such a degree that the state or foreign coun- try has jurisdiction to impose an income tax or franchise tax mea- sured by net income on the taxpayer. For a combined group, the activities of the combined group are taken as a whole in determin- ing if the combined group has nexus in a state or foreign country, as provided in s. 71.255 (5) (a), Stats. Nexus may exist even if a state or foreign country does not impose a tax on the taxpayer. Conversely, voluntary filing and paying income or franchise taxes
Nexus means substantial nexus as defined in R.C. 5741.01(I).
Nexus and/or “Owner” means NEXUS Community Support Society.
Nexus means a connection or link with the state sufficient to subject a person to tax by the state, as described in Rule 6 of this Regulation.