Short taxable year definition

Short taxable year means a period of less than 12 months.
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Short taxable year means any Taxable Year that either begins or ends on the Closing Date or begins on the date immediately after the Closing Date, in either case by reason of the purchase and sale of the Shares.
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Short taxable year has the meaning set forth in Section 6.9(e).
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Examples of Short taxable year in a sentence

  • PAC shall cause Patch Licensing LLC to make an election under Section 754 of the Code and the Treasury Regulations thereunder to adjust the basis of the assets of Patch Licensing LLC as provided in Section 743 of the Code if such election is not currently in effect on its federal partnership income tax return (Form 1065) for its Short Taxable Year.

  • In addition to the Tax Returns that it is required to file under the immediately preceding sentence, Seller may, on or before the Closing Date, file any Tax Return of or including any Company for any Taxable Year (including any Short Taxable Year) that ends on or before the Closing Date.


More Definitions of Short taxable year

Short taxable year means any Taxable Year that either begins ------------------ or ends on the Closing Date or begins on the date immediately after the Closing Date, in each case by reason of the purchase and sale of the Shares.
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Related to Short taxable year

  • Taxable Period means any taxable year or other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • 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.

  • Limitation Year means the Plan Year.

  • Election Year means a year in which ordinary elections for local governments are required to be held;