Qualified expenditures definition

Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

Qualified expenditures means any expenditures of Developer for the Project that are eligible for TIF Incentives as defined in Section III. B. 3.

Qualified expenditures means construction-related expenses of the

Examples of Qualified expenditures in a sentence

• The “state’s apportioned share of qualifying expenditures for increasing research activities” must be the ratio of the qualified expenditures in Iowa to total qualified expenditures times total qualifying expenditures for increasing research activities.52.7(1) Qualified expenditures in Iowa are:a.

• Qualified expenditures financed with Federal, State, or local grants shall be taken into account for purposes of computing the residential energy credit only if the amount of such grants is taxable as gross income to the taxpayer under section 61 (relating to the definition of gross income) and the regulations thereunder.

• Qualified expenditures don’t include any amount being depreciated under an accelerated method, the cost of acquir- ing the building itself or any interest in the building, or any expense incurred for the enlargement of an existing building.

• The Iowa research activities credit is made permanent for tax years beginning on or after January 1, 1991, even though there may no longer be a research activities credit for federal income tax purposes.42.11(1) Qualified expenditures in Iowa are:a.

• Qualified expenditures consist of those defined and provided under42 USC 609(a)(7)(B)(i) and 45 CFR sections 263.2 (a)(1),(a)(3) through (a)(5), and 263.2(b), but excludes those expenditures described in 42 USC 609(a)(7)(B)(i)(I)(bb) and 45 CFR section 263.2(a)(2) (42 USC603(b)(6)(B)(ii)(I) and 609(a)(10)).

More Definitions of Qualified expenditures

Qualified expenditures means all the costs and expenses

Qualified expenditures means construction-related expenses of the taxpayer directly related to the project for which the tax credit is sought but excluding any expenses related to a private residence.

Qualified expenditures means the costs and expenses incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure pursuant to a qualified rehabilitation plan which are defined as a qualified rehabilitation expenditure by section 47(c)(2) of the federal internal revenue code;

Qualified expenditures means amounts paid or incurred for tangible personal property purchased or leased, and used, within this state in the production of a qualified motion picture and payments, including qualified wages, for services performed within this state in the production of a qualified motion picture.

Qualified expenditures means expenditures in- cluded in a qualified plan, including capital, plant, equipment, working capital, and inventory expenses.

Qualified expenditures means the costs and expenses incurred

Qualified expenditures means amounts paid or incurred