Tax Credit definition

Tax Credit means a credit against, relief or remission for, or repayment of any Tax.
Tax Credit has the meaning given to it in Clause 12.1 (Definitions).
Tax Credit means any credit permitted under the Code or the law of any state against the federal or a state income tax liability of any Partner as a result of activities or expenditures of the Partnership including, without limitation, LIHTC.

Examples of Tax Credit in a sentence

  • If eligible to receive any 45x Tax Credits during the Term, EG4 will apply for such 45x Tax Credits to the maximum extent available to EG4 as a result of the manufacture of the Optimized Inverters pursuant to this Agreement (the “45x Tax Credit Application(s)”).


More Definitions of Tax Credit

Tax Credit means an economic development tax credit created by Section 59-7-614.2 or 59-10-1107.
Tax Credit means a tax credit under Section 59-7-619 or 59-10-1034.
Tax Credit means as described in Section 1.1(A) of the QAP.
Tax Credit means the low-income housing tax credit described in Section 42 of the Code.
Tax Credit means the credit to be received by the Applicant as computed under the provisions of Subchapter D of the Texas Economic Development Act and 34 Tex. Admin. Code §9.1056, provided that the Applicant timely complies with the requirements under such provisions, including the filing of a completed application under §313.103 of the Code and 34 Tex. Admin. Code §9.1054.
Tax Credit means the amount a taxpayer may claim against the taxes imposed in Iowa Code chapter 422, subchapters II, III, and V, and in Iowa Code chapter 432, and against the moneys and credits tax imposed in Iowa Code section 533.329.
Tax Credit or “historic tax credit” means the historic preservation and cultural and entertainment district tax credit established in Iowa Code chapter 404A.