Qualified use definition

Qualified use means the sale of electricity to retail customers located within the “electricity service area” of a municipal utility pursuant to generally applicable and uniformly applied rate schedules or tariffs; provided that: (a) “Qualified Use” shall not include any sale of electricity that gives rise to “private business use” or a “private loan” within the meaning of Section 141 of the Code; and (b) “Qualified Use” shall include such additional uses of electricity as may be approved by SEA (through UAMPS) with a favorable opinion of bond counsel. For purposes of this definition: (i) “electricity service area” has the meaning assigned to such term in U.S. Treasury Regulation Section 1.148-1(e)(2)(iii); and (ii) a “municipal utility” is a state or local government unit that owns and operates an electric distribution utility.
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Qualified use means the property is used as a farm for farming purposes. In the case of real property which meets the requirements of (f)(i)(C) of this subsection, resi- dential buildings and related improvements on the real prop- erty occupied on a regular basis by the owner or lessee for the purpose of operating or maintaining the real property, and roads, buildings, and other structures and improvements functionally related to the qualified use shall be treated as real property devoted to the qualified use. For tangible personal property eligible for a deduction under subsection (1)(b) of this section, "qualified use" means the property is used pri- marily for farming purposes on a farm.
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Qualified use means the property is used as a farm for farming purposes. In the case of real property which meets the requirements of (f)(i)(C) of this subsection, residential buildings and related improvements on the real
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Examples of Qualified use in a sentence

  • Qualified use means use of the property as a farm for farming purposes or in a trade or business other than farming.

  • Qualified use property does not include property held primarily for sale (inventory), dealer property (property held for sale in ordinary course of business, i.e. builder/developer selling homes or lots), and primary residence or second home (Personal use should be less than 14 days or 10% of rental period – I.R.C. § 280A).

  • Qualified use tax reported on the acceptable tax return in accordance with this section.

  • Qualified use of ratings guidance for actual companies alongside other evidence can also be seen in other regulatory contexts.

  • Qualified use requirements require monitoring of the various direct and indirect uses of bond- financed property over the life of the bonds, determination of the sources of debt service payments and security for the debt, and calculations of the percentage of nonqualified uses within the project to be financed withthe bond proceeds.

  • Qualified use requirements generally require monitoring of the various direct and indirect uses of bond- financed property over the life of the bonds and calculations of the percentage of nonqualified uses.

  • If, in the board’s opinion, the evaluee is Not Physically Qualified, use the following format: This (a) year old, (b) handed, (c) (d) approximately (e) and (f) of active military service, was evaluated on an (g) basis at this facility for the purpose of and Initial/Disposition Medical Evaluation Board, with the diagnosis(es) of (h) .

  • Qualified use tax as reported on the acceptable tax return, in accordance with Section 6452.1.

  • Qualified use" means:a.[1.] Retail; b.[2.] Residential; c.[3.] Office;d.[4.] Restaurant; ore.[5.] Hospitality.2. a.

  • Qualified use tax as reported on the acceptable tax return, in accordance with Section 6452.1. (c) The Franchise Tax Board shall transfer the qualified use tax received pursuant to Section 6452.1, and any information the State Board of Equalization deems necessary for its administration of the use tax, to the State Board of Equalization within 60 days from the date the use tax is received or the acceptable tax return is processed, whichever is later.


More Definitions of Qualified use

Qualified use means to use the property as a natural resource or commercial fishing business property.
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Qualified use means the use of clean hydrogen in the state for:
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Qualified use means the sale of electricity to retail customers pursuant to (i) generally applicable and uniformly applied rate schedules or tariffs or (ii) a Permitted Contract; provided that Qualified Use shall not include any sale of electricity that gives rise to “private business use” or a “private loan” within the meaning of Section 141 of the Code; and provided further that “Qualified Use” shall include such additional uses of electricity as may be approved by UAMPS with a favorable opinion of Bond Counsel.
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Qualified use. ’ means the devotion of the property to any of the
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Qualified use means (i) a use that does not give rise to “private business use” as defined in Section 141 of the Internal Revenue Code and regulations promulgated thereunder; and (ii) a use which, in the opinion of a nationally recognized bond counsel, does not adversely affect the tax-exempt status of any bonds sold to acquire Prepaid Gas.
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Qualified use means the devotion of real property exclusively to agricultural use as described in the definition of "land devoted exclusively to agricultural use" contained in division (A) of section 5713.30 of the Revised Code, whether or not an application has been filed by the decedent or a qualified heir pursuant to section 5713.31 of the Revised Code.
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Related to Qualified use

  • Qualified User means a person (e.g., employee, consultant, contingent staff) who: (1) is a user of a Qualified Device, or (2) accesses any server software requiring an Enterprise Product Client Access License or any Enterprise Online Service. It does not include a person who accesses server software or an Online Service solely under a License identified in the Qualified User exemptions in the Product Terms.

  • Permitted Use , in relation to a property, means the limited purposes for which the property may be used in terms of –

  • Permitted Uses means a use, listed in a permitted use table, that shall be approved with or without conditions provided the requirements and regulations of Zoning By-law No. 4404, as amended, are satisfied;

  • Intended Use means a product and the use thereof, for which the product is intended to be, or is reasonably likely to be, associated with the Works.

  • Mixed use means land, buildings or structures used, or designed or intended for use, for a combination of non-residential and residential uses;

  • Permitted User means a person other than an employee of the Company who is authorized by the Company pursuant to and in accordance with Section 2.1(a)(ii) and all applicable Documentation to access and use one or more specific Component Systems.

  • Mixed-use project means a project comprising both a qualified

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Permitted Users has the meaning given in Section 14.02;

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Public Areas shall include, but not be limited to, public or common rooms, waiting rooms, lobbies and public meeting rooms, or other similar areas which are open to the general public.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.