Private benefit definition

Private benefit means a financial benefit, a personal benefit or furthering a private interest (and includes the avoidance of a negative consequence) other than a financial benefit, a personal benefit or a private interest that:
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Private benefit means a direct or indirect benefit not shared by the general public that could be reasonably expected to impair a Commissioner’s objectivity or independent judgment.
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Private benefit means "non-incidental benefits conferred on disinterested persons that serve private interests." As defined in the Tax Court ruling, American Campaign Academy v. Commissioner, 92 TC 1053 (1989).
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Examples of Private benefit in a sentence

  • Private benefit = private ownership □ □ □ Methods, procedures and guarantees, including appropriate documentation, that the facilities will be perpetually maintained so as to function as designed and not result in nuisances or health hazards 15.

  • While running the project, he can consume private benefits in the amount B also with probability q.15 Private benefit extraction comes at the expense of cash flows reducing them, for simplicity, to 0.

  • Private benefit that is not qualitatively incidental might also be described as direct or intentional.

  • These are discussed below under four broad groupings:• Private benefit versus the publicinterest:Funded via private sector fund- ing, Improvement Districts afford businesses and property owners an opportunity to respond proac-tively and positively to shrinking State budgets.

  • Private benefit foundations shall pay land tax, according to the qualification of land and regional or local official assessments.

  • Private benefit: A positive economic, social, environmental, or other outcome for the private sector or a non-public interest, company, individual, or organisation as a result from a development that enhance private interests whilst excluding public interests or public access.

  • Private benefit is gained from receiving goods or services provided by Council, for example a Building Consent for work carried out by private residents.

  • Private benefit occurs when an exempt organization creates a benefit for a single, non-charitable third- party.

  • Private benefit, especially private financial gain, must be incidental to the project.

  • Private benefit relates to the neighbourhood youth advisory services, which directly benefit individuals.The public benefit arises from the benefits that youth and the wider community generally derive from the youth resource centre.


More Definitions of Private benefit

Private benefit means “the receipt by the public official, public member or public employee of a gift which resulted from his holding that office.” Id. section 9-13-103(b).
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Private benefit means that the possessor has the opportunity to make a profit, or to use or be
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Private benefit means a financial or personal benefit (which includes the avoidance of a negative consequence) other than a financial or personal benefit that is:
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Private benefit means either of the following:
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Private benefit means a personal benefit or furthering a private interest (including the avoidance of a negative consequence), but does not include a benefit or interest that is of general application, affects a person as a member of a broad class, or is inconsequential (i.e. de minimis).
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Private benefit means either (1) An improvement required as a means of meeting mitigation requirements associated with a project, or (2) An enhancement or improvement where an individual or group of individuals can be identified as beneficiaries.
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Related to Private benefit

  • Medicare benefit means the Medicare benefit payable within the meaning of Part II of the Health Insurance Act 1973 with respect to a professional service.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • private land means any land that has been or may hereafter be alienated from the Crown for any estate of freehold, or is or may hereafter be the subject of any conditional purchase agreement, or of any lease or concession with or without a right of acquiring the fee simple thereof (not being a pastoral lease within the meaning of the Land Administration Act 1997 or a lease or concession otherwise granted by or on behalf of the Crown for grazing purposes only or for timber purposes or a lease of Crown land for the use and benefit of the Aboriginal inhabitants) but —

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Private Key means the key of a key pair used to create a digital signature;

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Private partner means any entity that is a partner in a public-private partnership other than:

  • Private sewage disposal system means a system which provides for the treatment or disposal of domestic sewage from four or fewer dwelling units or the equivalent of less than sixteen individuals on a continuing basis.

  • land reform beneficiary , in relation to a property, means a person who -

  • Practitioners in private practice means a practitioner who does not:

  • Liquidation Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Private Hire Vehicle means a licensed vehicle constructed or adapted to seat fewer than nine passengers, other than a hackney carriage or public service vehicle, which is provided for hire with the services of a driver for the purpose of carrying passengers

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or

  • private party means a party that enters into a project agreement with a contracting authority and is responsible for undertaking a project on behalf of the contracting authority under this Act;

  • Loss Absorption Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the United Kingdom, the PRA, the United Kingdom resolution authority, the Financial Stability Board and/or of the European Parliament or of the Council of the European Union then in effect in the United Kingdom including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the PRA and/or the United Kingdom resolution authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Company or to the Regulatory Group).

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Registered Clubs Act means the Registered Clubs Act 1976 and any regulation made under the Registered Clubs Act 1976. Any reference to a provision of the Registered Clubs Act includes a reference to the same or similar provision in any legislation replacing, amending or modifying the Registered Clubs Act however that provision may be amended in that legislation.

  • Son or daughter of a covered servicemember means a covered servicemember's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered servicemember stood in loco parentis, and who is of any age.

  • Fringe benefits means the amount of:

  • Affordable Care Act means the Patient Protection and Affordable Care Act of 2010 (Pub. L. 111–148), as amended by the Health Care and Education Reconciliation Act of 2010 (Pub. L. 111–152).

  • Animal shelter means a facility operated by a humane society or any society organized under Chapter 1717. of the Revised Code or a dog pound operated pursuant to Chapter 955. of the Revised Code.

  • Medicare Advantage plan means a plan of coverage for health benefits under Medicare Part C as defined in 42 U.S.C. 1395w-28(b)(1), and includes:

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.