Tax Credit Rules definition

Tax Credit Rules means Section 42 of the Internal Revenue Code and/or California Revenue and Taxation Code Sections 17057.5, 17058, 23610.4 and 23610.5 and California Health and Safety Code Section 50199, et seq., as applicable, as the foregoing may be amended from time to time, and the rules and regulations implementing the foregoing, including Title 4 Cal. Code Regs. Section 10300, et seq.
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Tax Credit Rules means Section 42 of the Internal Revenue Code and/or California Revenue and Taxation Code Sections 17057.5, 17058, 23610.4 and 23610.5 and California Health and Safety Code Section 50199, et seq., and the rules and regulations implementing the foregoing, as the same may be amended from time to time.
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Tax Credit Rules means Section 42 of the Internal Revenue Code and/or California Revenue and Taxation Code Sections 17057.5, 17058, 23610.4 and 23610.5 and California Health and Safety Code Section 50199, et seq., as applicable, as the foregoing may be amended from time to time, and the rules and regulations implementing the foregoing. ―Tax Credits‖ shall mean federal 9% Low Income Housing Tax Credits granted pursuant to Section 42 of the Internal Revenue Code and/or California Revenue and Taxation Code Sections 17057.5, 17058, 23610.4 and 23610.5 and California Health and Safety Code Section 50199, et seq., as applicable. ―TCAC‖ shall mean the California Tax Credit Allocation Committee, the allocating agency for Tax Credits in California.
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Examples of Tax Credit Rules in a sentence

  • Developer acknowledges and agrees that, as a practical matter, the Projects must be constructed and completed concurrently and neither Project may be commenced unless and until Developer has secured financing and funding commitments sufficient to complete the construction of both Projects, either due to an extension of the 150 day test under the Tax Credit Rules or otherwise.

  • Affordable Rent (pursuant to Tax Credit Rules) shall be charged to all Housing Units in accordance with Section 402 of the Original Agreement, the Phase A Regulatory Agreement, and the Phase A Ground Lease.

  • Developer agrees to maintain records in a businesslike manner, and to maintain copies of original tenant certifications for fifteen (15) years (or such longer period as required under the Tax Credit Rules) and all other records pertaining to the Housing Development for five (5) years.

  • Landlord shall reasonably approve such Resident Lease form upon finding that such lease form is consistent with the Affordable Housing Agreement, the City Covenants, the Regulatory Agreement, this Ground Lease, the Act, the HAL, AHP Regulations and Tax Credit Rules.

  • In order to comply with this Article 2, Developer shall submit to CMHA and OCHA any and all tenant income and occupancy certifications and supporting documentation required, as applicable, to be submitted to TCAC pursuant to the Tax Credit Rules and the Tax Credit Regulatory Agreement, and such documentation shall satisfy the requirements of this Section 2.3(c).

  • Tenant shall submit to Landlord for its approval a standard form for the Resident Leases, which shall comply with applicable requirements of the Affordable Housing Agreement, the City Covenants, the Regulatory Agreement, this Ground Lease, the Act, the HAL, AHP Regulations, MHP Regulations, Tax Credit Rules, and other applicable federal and state regulations.

  • Affordable Rent (pursuant to Tax Credit Rules) shall be charged to all Housing Units in accordance with Section 402 of the Original Agreement, the Regulatory Agreement, and the Manchester Ground Lease.

  • Developer agrees to maintain records in businesslike manner, and to maintain copies of original tenant certifications for fifteen (15) years (or such longer period as required under the HOME Regulations or the Tax Credit Rules) and all other records pertaining to the Project for five (5) years.

  • If, after renting an Affordable Unit, the household income increases above the income level permitted for a Moderate Income Unit, that household may not be permitted to remain in the unit unless requiring such household to move will violate the Tax Credit Rules.

  • Affordable Rent (pursuant to Tax Credit Rules) shall be charged to all Housing Units in accordance with Section 402 of the Original Agreement, the Phase B Regulatory Agreement, and the Phase B Ground Lease.


More Definitions of Tax Credit Rules

Tax Credit Rules means Section 42 of the Internal Revenue Code and/or California Revenue and Taxation Code Sections 17057.5, 17058, 23610.4 and 23610.5 and California Health and Safety Code Section 50199, et
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Related to Tax Credit Rules

  • SIFT Rules means the provisions of the Tax Act, including those contained in sections 104, 122 and 122.1 of the Tax Act, which apply to the taxation of a “specified investment flow through trust” and its unitholders.

  • Relevant Rules means, at any time, the laws, regulations, requirements, guidelines and policies relating to capital adequacy (including, without limitation, as to leverage) then in effect in the United Kingdom including, without limitation to the generality of the foregoing, as may be required by CRD IV or BRRD or any applicable successor legislation or any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and applicable to the Issuer from time to time and any regulations, requirements, guidelines and policies relating to capital adequacy adopted by the Relevant Regulator from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer or to the Issuer and any of its holding or subsidiary companies or any subsidiary of any such holding company).

  • BBA Partnership Audit Rules means Sections 6221 through 6241 of the Code, and any regulations promulgated or proposed under any such Sections and any administrative guidance with respect thereto.

  • Partnership Tax Audit Rules means Sections 6221 through 6241 of the Code, together with any final or temporary Treasury Regulations, Revenue Rulings and case law interpreting Sections 6221 through 6241 of the Code (and any analogous provision of state or local tax Law).

  • Market Rules means the rules, regulations, customs and practices from time to time of any exchange, clearing house or other organization or market involved in the conclusion, execution or settlement of a Contract any exercise by any such exchange, clearing house or other organization or market of any power or authority conferred on it.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • QFC Stay Rules means the regulations codified at 12 C.F.R. 252.2, 252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority under Title II of the Xxxx Xxxxx Wall Street Reform and Consumer Protection Act and the override of default rights related directly or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate credit enhancements.

  • PPB Rules means the rules of the Procurement Policy Board as set forth in Title 9 of the Rules of the City of New York (“RCNY”), § 1-01 et seq.

  • FTR Credit Requirement means the amount of credit that a Participant must provide in order to support the FTR positions that it holds and/or for which it is bidding. The FTR Credit Requirement shall not include months for which the invoicing has already been completed, provided that PJMSettlement shall have up to two Business Days following the date of the invoice completion to make such adjustments in its credit systems. FTR Credit Requirements are calculated and applied separately for each separate customer account. FTR Flow Undiversified:

  • Client Money Rules means the rules specified in the applicable regulation and other related matters issued pursuant to this paragraph.

  • ACH Rules means the NACHA Operating Rules and NACHA Operating Guidelines, as in effect from time to time.

  • FCA Rules means the Rules included within the FCA Handbook issued by the FCA.

  • Conduct Rules shall have the meaning set forth in Section 4(u) hereof.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • IESO Market Rules means the rules made under section 32 of the Electricity Act, 1998 (Ontario), together with all market manuals, policies and guidelines issued by the IESO.

  • NYSRC Reliability Rules means the rules applicable to the operation of the New York Transmission System. These rules are based on Reliability Standards adopted by NERC and NPCC, but also include more specific and more stringent rules to reflect the particular requirements of the New York Transmission System.

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • Liquor Act means the Liquor Act 2007 and any regulation made under the Liquor Act 2007. Any reference to a provision of the Liquor Act includes a reference to the same or similar provision in any legislation replacing, amending or modifying the Liquor Act however that provision may be amended in that legislation.

  • VAT Act means the Value Added Tax Act, No 89 of 1991, as may be amended from time to time.

  • House Rules means written and posted rules governing house activities in the AFH-DD. These rules may not conflict with the AFH Bill of Rights.

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • CCASS Rules means the General Rules of CCASS and the CCASS Operational Procedures in effect from time to time;

  • Advisers Act Rules and Regulations means the rules and regulations of the Commission under the Advisers Act.