Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. 1.45D-1(d).
Qualified low-income community investment means any capital
Qualified low-income community investment means any capital or equity investment
Examples of Qualified low-income community investment in a sentence
Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low-income community business.
It is designated by the issuer as a qualified equity investment13 pursuant to the provisions of this section, regardless of whether14 it also has been designated as a qualified equity investment15 under section 45D of the Code.16 (8) Qualified low-income community investment.
The investment cannot qualify for federal new markets tax credits if the proceeds are used to make investments in other QCDEs. Qualified low-income community investment means any investment in or loan to a qualified active low-income community business. Tax credit means a credit against the individual income, corporate franchise, or insurance premiums taxes. Taxpayer means an individual or entity subject to the individual income, corporate franchise, or insurance premiums taxes.Subd.
More Definitions of Qualified low-income community investment
Qualified low-income community investment means a capital or equity investment in, or a loan to, a qualified active low-income community business, except, with respect to any one qualified active low-income community business, the maximum amount of qualified low-income community investments made in such business, on a collective basis with all of the business's affiliates, with the proceeds of qualified equity investments certified under Section 63N-2-603 shall be $4,000,000, exclusive of qualified low-income community investments made with repaid or redeemed qualified low-income community investments or interest or profits realized on the repaid or redeemed qualified low-income community investments.
Qualified low-income community investment means any
Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low-income community business made after September 28, 2011. Except as otherwise provided in this paragraph, with respect to any one qualified active low-income community business, the maximum amount of qualified low-income community investments that may be made with the proceeds of qualified equity investments that have been certified under Title 10, section 1100‑Z, subsection 3, paragraph G is $10,000,000 per project constructed, maintained or operated by the qualified active low-income community business whether made by one or several qualified community development entities. With respect to investments in a qualified active low-income community business that is a manufacturing or value-added production enterprise, the limit on the qualified low-income community investment is $40,000,000 per project constructed, maintained or operated by the qualified active low-income community business. For the purposes of this paragraph, with respect to projects to which the $10,000,000 limitation applies, "project" includes all land, buildings, structures, machinery and equipment located at the same location and constructed, maintained or operated by the qualified active low-income community business. For the purposes of this paragraph, with respect to projects to which the $40,000,000 limitation applies, "project" means, and refers separately to, each manufacturing or value-added production facility that projects to create or retain more than 200 jobs, including the land, buildings, structures, machinery and equipment functionally related to, and integrated with, the manufacturing or production process conducted on the site of that facility. "Project" does not mean or include the component pieces of an integrated manufacturing or production process conducted on the site of a particular facility. "Qualified low-income community investment" does not include a capital or equity investment made after November 9, 2015 if more than 5% of the investment is used to refinance costs, expenses or investments incurred or paid by the qualified active low-income community business or a party related to the qualified active low-income community business prior to the date of the qualified low-income community investment; make equity distributions from the qualified active low-income community business to its owners; acquire an existing business or enterprise in the State; or pay transaction fees. [PL 2017,...
Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low-income community business.
Qualified low-income community investment means a capital or equity
Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low‑income community business; but, with respect to any one qualified active low‑income community business, the maximum amount of qualified low‑income community investments made in the business, on a collective basis with all of the businesses’ affiliates, with the proceeds of qualified equity investments certified pursuant to Section 38‑8‑50 is four million dollars, exclusive of qualified low‑income community investments made with repaid or redeemed qualified low‑income community investments or interest or profits realized thereon.
Qualified low-income community investment means a capital