REIT Taxable Income definition

REIT Taxable Income means the taxable income as computed for a corporation which is not a REIT: (i) without the deductions allowed by Code Sections 241 through 247, 249 and 250 (relating generally to the deduction for dividends received); (ii) excluding amounts equal to (a) the net income from foreclosure property and (b) the net income derived from prohibited transactions; and (iii) deducting amounts equal to (a) any net loss derived from prohibited transactions, (b) the tax imposed by Code Section 857(b)(5) upon a failure to meet the 95% and/or 75% gross income tests and (c) the dividends paid, computed without regard to the amount of the net income from foreclosure property which is excluded from REIT Taxable Income.
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REIT Taxable Income means “real estate investment trust taxable income” within the meaning of Section 857(b)(2) of the Code.
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REIT Taxable Income. “Real estate investment trust taxable income” as defined in Section 857(b) of the Code, which generally equals the taxable income of the Company, (i) computed with the dividends-paid deduction as defined in Section 561 of the Code (except that the portion of such deduction attributable to net income from Foreclosure Property is excluded), (ii) excluding any net income from Foreclosure Property, (iii) computed with a deduction for any tax imposed under Sections 857(b)(5) and (7) of the Code (i.e., tax on the failure to meet the seventy-five percent (75%) or ninety-five percent (95%) income tests and tax on certain redetermined rents, redetermined deductions and excess interest) and (iv) excluding any net income from Prohibited Transactions.
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Examples of REIT Taxable Income in a sentence

  • The Company may not incur indebtedness to enable it to make Distributions except as necessary to satisfy the requirement that the Company distribute at least 95% of its REIT Taxable Income, or otherwise as necessary or advisable to assure that the Company maintains its qualification as a REIT for federal income tax purposes.

  • For purposes of this Section 6.01(b), a decrease in REIT Taxable Income shall be considered a reduction in Taxes of a Benefited Party, and an increase in REIT Taxable Income shall be considered Taxes for which a party is or may be liable.

  • Typically, these Tribal Resource Management Plans are developed within the Department Interior Bureau of Indian Affairs.

  • The Trust may not incur indebtedness unless (i) such indebtedness is not in excess of 50% of the Net Asset Value of the Trust; (ii) such indebtedness is otherwise necessary to satisfy the requirement that the Trust distribute at least 95% of the REIT Taxable Income or is advisable to assure that the Trust maintains its qualification as a REIT; or (iii) a majority of the Independent Trustees have determined that it is in the Trust's best interest to incur such indebtedness.

  • Earnings (GAAP) Net Income available to common $33,072 $37,856 EPS available to common (diluted) $0.99 $1.29 Return on average equity 25.0% 30.4% Return on average common equity 27.5% 34.0% REIT Taxable Income & Dividends Est.

  • Earnings (GAAP) Net Income available to common $22,365 $33,540 EPS available to common (diluted) $0.69 $1.19 Return on average equity 17.3% 31.8% Return on average common equity 18.6% 36.5% REIT Taxable Income & Dividends Est.

  • REIT Taxable Income Three Months Ended Twelve Months Ended (In thousands) December 31, 2004 December 31, 2004 REIT Taxable Income(1) $7,725 $13,168 Taxable REIT Subsidiaries Pre-tax (19,158) (47,334) GAAP Eliminations(2) (7,473) (32,444) Tax Benefit 6,804 18,277 Consolidated GAAP Loss (Post-tax) ($12,102) ($48,333) (1) We define REIT taxable income to be REIT taxable income calculated under the Code for purposes of the REIT distribution requirement.

  • The Trust may not incur indebtedness unless (i) such indebtedness is not in excess of 50% of the Net Asset Value of the Trust; or (ii) a majority of the Independent Trustees have determined that such indebtedness is otherwise necessary to satisfy the requirement that the Trust distribute at least 95% of the REIT Taxable Income or is advisable to assure that the Trust maintains its qualification as a REIT.

  • REIT Taxable Income ($s in thousands) Three Months Ended June 30, 2005 Six Months Ended June 30, 2005 REIT Taxable Income(1) $13,534 $24,221 Taxable REIT Subsidiaries Taxable Loss (3,719) (21,091) GAAP Eliminations(2) (15,121) (19,502) Tax Benefit 1,664 5,172 Consolidated GAAP Loss (Post-tax) ($3,642) ($11,200) (1) We define REIT taxable income to be REIT taxable income calculated under the Internal Revenue Code of 1986 for purposes of the REIT distribution requirement.

  • Dividend Carry-over Analysis (In millions) Estimated 2004 REIT Taxable Income $257 Plus: 2003 Taxable Income Spillover 28 Less: Dividends declared in 2004 (183) Less: Estimated Dividends Declared Jan.


More Definitions of REIT Taxable Income

REIT Taxable Income means, with respect to a Person for any taxable year, the taxable income of such Person determined in accordance with Section 857(b)(2) of the Internal Revenue Code before deduction for dividends paid.
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REIT Taxable Income means the taxable income of a REIT, adjusted as follows: (i) the deduction for dividends received allowable to trusts under Sections 241 through 247, 249 and 250 of the Code is not allowed; (ii) the deduction for dividends paid under Section 561 of the Code is allowed, but is computed without regard to that portion of such deduction attributable to net income from foreclosure property;
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Related to REIT Taxable Income

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable means either:

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Agreement combined tax rate means the sum of the tax rates:

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.