Tax Basis definition

Tax Basis means the same as defined in department of revenue 701—subrule 42.15(3).

Tax Basis means, with respect to any item of Company property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis means the adjusted tax basis determined for federal income tax purposes under Code Section 1011(a).

Examples of Tax Basis in a sentence

• In the case of any failure of the Tax-Free Transactions to qualify for Tax-Free Status, the SpinCo Group shall file any amended SpinCo Separate Returns required to claim any such Refund or reduction in Taxes payable to which Parent is entitled hereunder and reasonably cooperate, to the extent permitted by applicable Law, to cause any step-up in Tax basis of any SpinCo Assets to be allocated to depreciable or amortizable assets.

• Such cooperation and information shall include providing copies of all relevant portions of relevant Tax Returns, together with all relevant portions of relevant accompanying schedules and relevant work papers, relevant documents relating to rulings or other determinations by Taxing Authorities and relevant records concerning the ownership and Tax basis of property and other information, which any such Party may possess.

More Definitions of Tax Basis

Tax Basis means, with respect to any item of Joint Venture Company property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis means, with respect to any asset, its adjusted basis for Federal income tax purposes.

Tax Basis means, with respect to any item of the Fund’s property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis. The Partnership’s basis in any property for Federal income Tax purposes at the time of its contribution to the Partnership.

Tax Basis. Yew’s tax basis in the Purchase Shares determined under the Internal Revenue Code after adjustment due to the Subchapter S Capital Gains/Losses, the Subchapter S Ordinary Earnings/Losses, and the Tax Distribution.

Tax Basis. [ ] Cash [X] Accrual

Tax Basis means the adjusted basis for United States federal Income Tax purposes to CCG (or Holdings by reason of being the parent entity of CCG as a Disregarded Entity) of the identified asset as of the Closing Date.