Section 29 Tax Credits definition

Section 29 Tax Credits means the credits available to taxpayers under Section 29 of the Internal Revenue Code of 1986, as amended.
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Section 29 Tax Credits means the tax credits under Section 29 of the Code attributable to Xxxxxxx'x and Xxxxxxx Subs' activities during the taxable year ending on December 31, 2002 that were not utilized in the Alliant Energy Group's consolidated U.S. Corporation Income Tax Return for taxable year 2002. The amount of such Section 29 Tax Credits is approximately $4,350,000 (such amount is subject to the adjustment by the IRS or otherwise). By operation of the corporate alternative minimum tax, the Section 29 Tax Credits carry over to Alliant Energy Group's U.S. federal Consolidated Return for taxable year ending on December 31, 2003 and future years as part of the Alliant Energy Group's alternative minimum tax credits. The Alliant Energy Group's alternative\ minimum tax credits generated in taxable year 2002 are referred to as the "AMT Credits."
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Examples of Section 29 Tax Credits in a sentence

  • If, as a result of an adjustment, the amount of the Realized Section 29 Tax Credits for a taxable period is less than the amount as computed under Section 7.1 hereof (or as recomputed under this Section 7.2), then Buyer, Xxxxxxx and Xxxxxxx Subs shall pay Alliant Energy the difference within ten (10) days of notice thereof.

  • Alliant Energy's accounting obligation shall terminate after the sum of the amounts paid to Xxxxxxx or Xxxxxxx Subs under Sections 7.1 and 7.2 hereof and the amounts subject to offset under Section 7.3 hereof equals the Section 29 Tax Credits.

  • Alliant Energy's accounting obligation shall terminate after the sum of the amounts paid to Buyer under Sections 7.1 and 7.2 hereof and the amounts subject to offset under Section 7.3 hereof equals the Section 29 Tax Credits.

  • Covol shall be responsible to coordinate all construction services incident to the manufacturing facilities, including the execution of such documents of assignment or otherwise as may be necessary to insure the operating companies qualify for Section 29 Tax Credits as contemplated herein (i.e., all necessary assignments of existing binding contracts under IRC Section 29).

  • Seller shall retain all rights to any Environmental Attribute, tax, emission or other credits with respect to the handling of Landfill Gas upstream of the Delivery Point, including without limitation, Seller’s Site, Seller’s operations and Seller’s Facilities, including further, without limitation, the flaring or other combustion of Landfill Gas by Seller’s Facilities, the sale of Landfill Gas to Purchaser, and Section 29 Tax Credits and similar Tax Credits.

  • The value of Section 29 Tax Credits shall be the present value, discounted at 10%, of the tax credits expected to be received from the Effective Time through December 31, 2002 from the gas stream of the wellx xxx horizons listed on Exhibit H.

  • Unless otherwise required by the Code, any tax credits of the Partnership, including any Section 29 Tax Credits, shall be allocated among the Partners in accordance with their Participating Percentages.

  • Alliant Energy shall prepare and deliver or cause to be prepared and delivered to Buyer, Xxxxxxx or Xxxxxxx Subs, no more than 60 days after it files a U.S. federal Consolidated Return, a good faith accounting of the amounts, if any, of the AMT Credits utilized in such Consolidated Return, the amounts, if any, of the AMT Credits that have not been utilized, the Section 29 Tax Credits, and the Realized Section 29 Tax Credits.

  • If, as a result of an adjustment, the amount of the Realized Section 29 Tax Credits for a taxable period is more than the amount as computed under Section 7.1 hereof (or as recomputed under this Section 7.2), then Alliant Energy shall pay Buyer, Xxxxxxx or Xxxxxxx Subs the difference within ten (10) days of its discovery thereof.

  • The value of Section 29 Tax Credits shall be the present value, discounted at 10%, of the tax credits expected to be received from the Effective Time through December 31, 2002 from the gas stream of the xxxxx and horizons listed on Exhibit H.

Related to Section 29 Tax Credits

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

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

  • Tax-Related Losses means (i) all U.S. federal, state, local and foreign income taxes (including interest and penalties thereon) imposed pursuant to any settlement, final determination, judgment or otherwise, and (ii) all legal, accounting and other professional fees and court costs incurred in connection with such 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.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • 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.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the liability for Taxes of the Corporation (or the Partnerships, but only with respect to Taxes imposed on the Partnerships and allocable to the Corporation) using the same methods, elections, conventions and similar practices used on the relevant Corporation Return but using the Non-Stepped Up Tax Basis instead of the tax basis reflecting the Basis Adjustments of the Adjusted Assets and excluding any deduction attributable to Imputed Interest.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • U.S. Source Withholdable Payment means any payment of interest (including any original issue discount), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income, if such payment is from sources within the United States. Notwithstanding the foregoing, a U.S. Source Withholdable Payment does not include any payment that is not treated as a withholdable payment in relevant U.S. Treasury Regulations.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.