Public Benefit Organizations definition

Public Benefit Organizations means organisations registered as PBO in terms of section 30 of the Income Tax Act. The MPRA Ratio regulations apply only to those PBOs who provide the type of services outlined in items 1, 2 & 3 of Part 1 of the Ninth Schedule of the Act, i.e. Welfare and Humanitarian Services, Health Care Services and Educational and Development Services;
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Public Benefit Organizations means any organization undertaking humanitarian projects or initiatives within the County including but not limited to international humanitarian bodies, Non-Governmental Organizations, Community Based Organizations, societies, foundations, trusts and such other organizations;
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Examples of Public Benefit Organizations in a sentence

  • Taking into account the effects of rates on PBOs performing a specific public benefit activity and if registered in terms of the Income Tax Act, 1962 (No 58 of 1962) for tax reduction because of those activities, Public Benefit Organizations may apply for the exemption of property rates.

  • A separate body, the Commission of Public Benefit Organizations, decides on granting the status of public benefit (Article 76).

  • REDUCED FEE (75% DISCOUNT) • All Public Benefit Organizations presenting permanent recreation/social/sport activities to the community from Monday to Thursday free of charge.

  • In addition, Hungarian legislation enables associations, foundations, and nonprofit companies to qualify as "Public Benefit Organizations," or PBOs. PBO status is currently regulated by Chapter VII of Act CLXXV/2011.

  • Taking into account the effects of rates on Public Benefit Organizations performing a specific public benefit activity and registered in terms of the Income Tax Act for tax reduction because of those activities, it is proposed that the following specified public benefits activities be exempted from rating.• Welfare and humanitarian, for example PBOs providing disaster relief.

  • REDUCED FEE (50% DISCOUNT) • All local sport groups affiliated to a recognised Sport Council.• All local sport groups affiliated to a sport council/federation for sport functions limited to two functions (two calendar days) per group per annum.• All Public Benefit Organizations presenting permanent recreation/social/sport activities to the community from Monday to Thursday at a nominal price.

  • NPOs also qualify for exemptions from other taxes, including Real Estate Tax, Urban Land Use Tax, and Tax on Acquisition of Real Estate.Stock donations for charitable purposes are also eligible for tax deductions (Notice on Questions Concerning Corporate Tax on Equities Donations to Public Benefit Organizations, 2016).

  • PBOs A significant change with regard to the legal framework for NGOs has come in the form of the Public Benefit Organizations Act 2013 (“PBO Act”), which upon commencement will repeal the Non-Governmental Organizations Coordination Act (“NGO Act”).

  • There are various types of not-for-profit organizations (“NPOs”): • Non-Governmental Organizations (NGOs) (soon to be Public Benefit Organizations (PBOs)).• Companies Limited by Guarantee;• Societies; and• Trusts.Other not-for-profit legal forms, which are outside the scope of this Note due to their limited interaction with U.S. grant makers, include churches, political parties, and trade unions.

  • This notion is taken forward in key provincial documents, such as the LGDS and the Provincial Tourism Plan, which call for the development of spatially concentrated clusters that have unique competitive success in a particular field.

Related to Public Benefit Organizations

  • Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.

  • Non-profit organization means: (1) a governmental entity of the state of California; or (2) a legal entity that is tax exempt under Internal Revenue Code section 501(c)(3) and California Revenue and Taxation Code section 23701d.

  • For-profit organization means: a sole-proprietorship, partnership, limited liability company, corporation, or other legal entity that is organized or operated for the profit or financial benefit of its shareholders or other owners. Such organizations also are referred to as “commercial organizations”.

  • Professional employer organization means an employee leasing

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Labor organization means any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and that exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Employee organization means any organization, union, or

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Metropolitan planning organization means the same as that term is defined in Section 72-1-208.5.

  • Health care organization ’ means any person or en-

  • 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.

  • Community organization means a nonprofit organization that has a demonstrated capacity to train, develop, and organize parents and community leaders into a constituency that will hold the school and the school district accountable for achieving high academic standards; in addition to organizations with a geographic focus, "community organization" includes general parent organizations, organizations of special education or bilingual education parents, and school employee unions (Section 10 of the Act).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Community-based organization means a public or private nonprofit organization that is representative of a community or a significant segment of a community, and is engaged in meeting human, educational, environmental, or public safety community needs.

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;