Renewable Tax Benefits means (i) any investment tax credits under Section 48 of the Internal Revenue Code, as amended from time to time, (ii) any production tax credits under Section 45 of the Internal Revenue Code, as amended from time to time, (iii) any other federal production tax credits, depreciation deductions or other tax credits that are intended to provide a specific tax benefit (A) to an owner of, operator of, or security interest holder in a project or facility that is producing or storing electricity, and (B) would not otherwise be available to such person for tax purposes but for the development and operation of the project or facility or production or storage of electricity, (iv) any direct payments or grants that are in lieu of or in addition to the any of the incentives or assistance described in (i), (ii) and (iii), above, and (v) cash grants, cash payments and other financial incentives from the federal government available to the owner of, operator of, or security interest holder in, a project or facility that is producing or storing electricity. SDVOB: Service‐Disabled Veteran Owned Businesses as defined under the Service‐Disabled Veteran Owned Business Act of New York State.
Renewable Tax Benefits means (i) any investment tax credits under Section 48 (or its successor found at Section 48E) of the Internal Revenue Code, as amended from time to time, (ii) any production tax credits under Section 45 (or its successor found at Section 45Y) of the Internal Revenue Code, as amended from time to time, (iii) any other federal production tax credits, depreciation deductions or other tax credits that are intended to provide a specific tax benefit (A) to an owner of, operator of, or security interest holder in a project or facility that is producing or storing electricity, and (B) would not otherwise be available to such person for tax purposes but for the development and operation of the project or facility or production or storage of electricity, (iv) any direct payments or grants that are in lieu of or in addition to the any of the incentives or assistance described in (i), (ii) and (iii), above, and (v) cash grants, cash payments and other financial incentives from the federal government available to the owner of, operator of, or security interest holder in, a project or facility that is producing or storing electricity. SDVOB: Service‐Disabled Veteran Owned Businesses as defined under the Service‐Disabled Veteran Owned Business Act of New York State.
Renewable Tax Benefits means (i) any investment tax credits under Section 48 (or its successor found at Section 48E) of the Internal Revenue Code, as amended from time to time, (ii) any production tax credits under Section 45 (or its successor found at Section 45Y) of the Internal Revenue Code, as amended from time to time, (iii) any other federal production tax credits, depreciation deductions or other tax credits that are intended to provide a specific tax benefit (A) to an owner of, operator of, or security interest holder in a project or facility that is producing or storing electricity, and (B) would not otherwise be available to such person for tax purposes but for the development and operation of the project or facility or production or storage of electricity, (iv) any direct payments or grants that are in lieu of or in addition to the any of the incentives or assistance described in (i), (ii) and (iii), above, and (v) cash grants, cash payments and other financial incentives from the federal government available to the owner of, operator of, or security interest holder in, a project or facility that is producing or storing electricity. SBMT: South Brooklyn Marine Terminal. SDVOB: Service‐Disabled Veteran Owned Businesses as defined under the Service‐Disabled Veteran Owned Business Act of New York State.
Examples of Renewable Tax Benefits in a sentence
Such books and records shall include all tax and other filings made with respect to obtaining any of the Renewable Tax Benefits that Seller or any tax equity party is claiming or proposing to claim as well as all work papers and other due diligence and compliance records, files and data related to the qualification for the Renewable Tax Benefits to which Seller has in its possession or reasonably has access.