Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.
Qualified Basis has the meaning given to it in Section 42(c) of the Code.
Qualified Basis means the qualified basis of the
Examples of Qualified Basis in a sentence
Noncompliance includes, but is not limited to (a) failure to receive or failure to permit the Authority to inspect tenant income certifications, supporting documentation and/or rent records, (b) upon inspection, noncompliance with provisions of Section 42 of the Code, and (c) any change in the applicable fraction or eligible basis of the Project that would result in a decrease in the Qualified Basis.
More Definitions of Qualified Basis
Qualified Basis as set forth on the Summary Page.
Qualified Basis means qualified basis as defined in Section 42(c) of the Code. CC. “Qualified Census Tract” means areas of the State which meet the requirements of
Qualified Basis means qualified basis as defined in Section 42(c)(1) of the Code.
Qualified Basis means the qualified basis determined under section 42(c)(1) of the Internal Revenue Code.
Qualified Basis means that portion of the tax basis of a qualified Georgia project eligible for the federal housing tax credit, as that term is defined in Section 42 of the Internal Revenue Code of 1986, as amended.
Qualified Basis means the amount equal to the applicable fraction of the
Qualified Basis means the portion of the Eligible Basis attributable to low-income dwelling units pursuant to Section 42(c) of the Code.