Nonrefundable tax credit definition

Nonrefundable tax credit or "tax credit" means a tax credit that a business entity may:
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Nonrefundable tax credit or "tax credit" means a tax credit that a claimant, estate, or trust may:
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Nonrefundable tax credit or "tax credit" means a tax credit that a claimant, estate, 2228 or trust may: 2229 (a) claim: 2230 (i) as provided by statute; and 2231 (ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability 2232 under this chapter for a taxable year; and 2233 (b) carry forward or carry back: 2234 (i) if allowed by statute; and 2235 (ii) to the extent that the amount of the tax credit exceeds the claimant's, estate's, or 2236 trust's tax liability under this chapter for a taxable year. 2237 (4) "Part-year resident estate or trust" means an estate or trust that changes residency 2238 status during a taxable year from: 2239 (a) resident to nonresident; or 2240 (b) nonresident to resident. 2241 (5) "Part-year resident person" means a person that changes residency status during a 2242 taxable year from: 2243 (a) resident to nonresident; or 2244 (b) nonresident to resident. 2245 (6) Except as provided in Subsection 59-10-1003(2), "trust" means a nonresident trust, 2246 part-year resident trust, or a resident trust that has state taxable income under Part 2, Trusts and 2247 Estates. 2248 Section Nº [41] 39 »N . Section 59-10-1003, which is renumbered from Section
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Examples of Nonrefundable tax credit in a sentence

  • Nonrefundable tax credit for contribution to state Achieving a Better Life Experience Program account.

  • Nonrefundable tax credit for amounts paid under a health benefitplan.

  • Nonrefundable tax credit for investment in certain life science establishments.

  • Nonrefundable tax credit for donation to Special Needs Opportunity Scholarship Program.

  • Nonrefundable tax credit for contributions to individual retirement plans.

  • Nonrefundable tax credit for contribution to state Achieving A Better Life Experience Program account.

  • Nonrefundable tax credit for employment of a person who is homeless.

  • Section 59-7-614.7, Nonrefundable alternative energy development tax credit.} Section 59-10-1007, Recycling market development zones tax credits.Section 59-10-1024, Nonrefundable tax credit for qualifying solar projects.Section 59-10-1025, Nonrefundable tax credit for investment in certain life science establishments.{ Section 59-10-1029, Nonrefundable alternative energy development tax credit.

  • Nonrefundable tax credit for employer's participation in Utah Voluntary Employee Retirement Accounts Program or other retirement plan.

  • Nonrefundable tax credit for processing donated deer for charitable distribution.

Related to Nonrefundable tax credit

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Eligible taxpayer means a taxpayer that meets both of the following conditions:

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • 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).