Tax credit program definition

Tax credit program means any credit allowed against the tax imposed by the Kansas income tax act, the premium or privilege fees imposed pursuant to K.S.A. 40-252, and amendments thereto, or the privilege tax as measured by net income of financial institutions imposed pursuant to article 11 of chapter 79 of the Kansas Statutes Annotated, and amendments thereto.

Tax credit program means the New Jersey Homebuyer Tax

Tax credit program means any credit allowed against the tax

Examples of Tax credit program in a sentence

• Instead of an income-based rent, Tenant may choose for each year to pay a “Flat Rent” which is equal to the maximum rent for Tenant’s unit under the Low Income Housing Tax Credit Program.

• Borrower also covenants and agrees to verify that the income information provided by an applicant or occupying household in an income certification affidavit or certificate is in compliance with the guidelines of Section 42 of Code for the Low Income Housing Tax Credit Program.

• Instead of an income-based rent, Tenant may choose for each year to pay a “Flat Rent” which is equal to the maximum rent for Tenant’s unit under the Federal Low Income Housing Tax Credit Program, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended.

• The Department has been designated as the housing credit agency for the State of Arizona for allocation of tax credits under the Low Income Housing Tax Credit Program.

• Owner acknowledges that THDA must perform asset management functions so as to ensure compliance with Program Requirements and Tax Credit Program Requirements and to assure the long-term viability of the Development.

More Definitions of Tax credit program

Tax credit program means the tax credits under sections 285 and 677 of the income tax act of 1967, 1967 PA 281, MCL 206.285 and 206.677.

Tax credit program means the low-income housing tax credit program authorized pursuant to Internal Revenue Code Section 42, California Health and Safety Code Sections 50199.6-50199.19, Revenue and Taxation Code Sections 17057.5, 17058, 23610.4, 23610.5, and applicable federal and State regulations.

Tax credit program means the program for allocating Tax Credits and authorizing the issuance of Qualified School Construction Bonds promulgated under Sections 54A and 54F of the Code.

Tax credit program means the program by which the state of Alaska financially supports the exploration and production of oil and gas by granting tax credit certificates under Alaska Statute (“AS”) 43.55.023(a) (Qualified Capital Expenditures), AS 43.55.023(l) (Well Lease Expenditures), AS 43.55.023(b) (Carry Forward Losses).

Tax credit program. The Tax Credit Program would provide a substantial write-down of development cost from equity through the sale of state allocated tax credits. The Partnership and the Housing Authority would work together to bring this resource to housing development for those in the very low income category (i.e. $8,000 - $16,000 annual household income). In order to enable this process, a limited partnership would be established to function as the owners. The financial advantage resulting from the use of the tax credits would reduce the costs of developing new homes as approximately 80% of the costs are picked up by equity from the tax credits.

Tax credit program means the low-income housing tax credit program authorized pursuant to Internal Revenue Code Section 42, California Health and Safety Code Sections 50199.6-50199.19, Revenue and Taxation Code Sections 17057.5, 17058, 23610.4, 23610.5, and applicable federal and State regulations such as 4 California Code of Regulations Sections 10300-10340.

Tax credit program means the New Jersey Homebuyer Tax Credit Program, established pursuant to subsection a. of section 4 of P.L. , c. (C. ) (pending before the Legislature as this bill).