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.
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Tax Credit Period is defined in Section 38.01.
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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.
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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).
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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.
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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 Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • 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.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments 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.

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • 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.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

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

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving 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 Lender at any time shall be the product of (i) such Revolving Lender’s Revolving Facility Percentage and (ii) the aggregate Revolving Facility Credit Exposure of all Revolving Lenders, collectively, at such time.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.