Tax Credit Period definition

Tax Credit Period means the ten year time period referenced in Code Section 42(f)(1) over which the Projected Tax Credits are allocated to the Partners. It is the intent of the Partners that the Projected Tax Credits will be allocated during the Tax Credit Period and not a longer term.
Sample 1Sample 2Sample 3
Tax Credit Period has the meaning provided in Section 38.01.
Sample 1Sample 2Sample 3
Tax Credit Period means the ten year time period referenced in Code Section 42(f)(1) over which the Projected Tax Credits and the Projected Missouri Tax Credits are allocated to the Partners. It is the intent of the Partners that the Projected Tax Credits and the Projected Missouri Tax Credits will be allocated during the Tax Credit Period and not a longer term.
Sample 1

Examples of Tax Credit Period in a sentence

  • Applicable Percentage means the percentage multiplied by the Ownership Entity’s Qualified Basis to determine the annual Tax Credit available to the Ownership Entity for each year of the Tax Credit Period and as more fully described in IRC Section 42(b).

  • Note: The Tax Credit Period (<=120 months) is the value that should be entered in the field “Remaining Credit Period for Tax Credits (months)”.• Compliance Period: The compliance period is the prescribed timeframe an owner must comply with all LIHTC program requirements in order to achieve the allocated tax credits.

  • Changes in ownership of the limited partnership interests in Investor LP during the NC Tax Credit Period do not have an effect on (i) Investor LP's continued entitlement to its distributive share of the NC Tax Credit, or (ii) the entitlement of the new limited partner(s) in Investor LP to their distributive share of any remaining unallocated installments of the NC Tax Credit from Investor LP.

  • Once a LIHTC project has been placed in service, the tax credits can be claimed annually on a building-by-building basis over a 10 year Tax Credit Period beginning with either:a.

  • It is further expected that Fund will serve as the sole manager or managing member of Taxpayer and Lessee during the NC Tax Credit Period.

  • Department’s Response: No. Provided there is not a technical termination of the Investor partnership under the Code, changes in the ownership of membership interests in Investor duringFebruary 26, 2015Page 4 of 4 the NC Tax Credit Period should not affect Project Company's continued entitlement to the NC Tax Credit, Owner's continued entitlement to allocations of the NC Tax Credit, or NC 2014 D's continued entitlement to allocations of the NC Tax Credit.

  • Under Alternate Plan A, the Bank’s treatment on its Class 3 Allowed Unsecured Deficiency Claims is still identical to the treatment of Class 4 general unsecured claims: No payments will be made to the Bank until after the Tax Credit Period Expiration Date applicable to each Debtor.

  • If the Salary Plan information is correct, click the Compensation tab.The Compensation tab displays.

  • Otherwise, the Bank’s treatment of these secured claims is the same as that of Pennyrile and Park Row, with two exceptions: (i) monthly payments to the Bank between the Effective Date and each Debtor’s respective Tax Credit Period Expiration Date will be the value by which the Debtor’s Remaining Tax Credits diminish each month, and (ii) with respect to Nicholasville Greens, the monthly payments 15 Additional numbers for which Debtors provide no explanation of how they are calculated.

  • These are partially subsidized by public funds.b) Most facilities are operated by providers that have a contract with a regional health authority.


More Definitions of Tax Credit Period

Tax Credit Period means, with respect to a building within a Project, the period of ten taxable years beginning with the taxable year the building is placed in service or, at the election of the Ownership Entity the succeeding taxable year, as more fully defined in IRC Section 42(f)(1).
Sample 1
Tax Credit Period shall have the meaning provided in Section 38.01. “Tax Equity Investor” shall have the meaning provided in Section 38.01. “Tax Year” shall mean each tax fiscal year of Fairfax County, Virginia.
Sample 1

Related to Tax Credit Period

  • Credit Period means with respect to any building that is included in a Tax Credit Project, the period of 10 years beginning with (i) the taxable year in which the building is Placed In Service, or (ii) at the election of the Developer, the succeeding taxable year.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Audit Period means the seven year period following Contractor’s provision of any work under the Contract.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) the Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Revolving Facility Lender at any time shall be the sum of (a) the aggregate principal amount of such Revolving Facility Lender’s Revolving Facility Loans outstanding at such time and (b) such Revolving Facility Lender’s Revolving Facility Percentage of the Swingline Exposure and Revolving L/C Exposure at such time.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).