Tax Deductible Gifts definition

Tax Deductible Gifts means gifts of money or property to which Subdivision 30A of the Income Tax Assessment Act 1997 applies and includes any money received because of such gifts.
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Examples of Tax Deductible Gifts in a sentence

  • All Tax Deductible Gifts received by or on account of Frontier Services as moneys will be deposited in a bank account or accounts in the name of “Frontier Services Donation Account” (the gift fund).

  • All moneys received by Frontier Services other than Tax Deductible Gifts will be deposited into an account in the name of “National Assembly Frontier Services”.

  • Administration & Finance Policies Policy Name:2.1 Tax Deductible Gifts & ContributionsDate(s) Revised:July 2004, Nov 2005Review Cycle:3 yearlyAuthority:National BoardNational Handbook Reference (s) Related Policies: Purpose of the PolicyThis policy provides guidance on the topic of tax-deductible donations and other financial donations.

  • To set up your account, please email threehcaterer@yahoo.com Annual Fund – Tax Deductible Gifts Nazarene Christian Academy has made every effort to keep tuition affordable.

  • All Tax Deductible Gifts of money and property and any income derived from such money, property or other investments arising out of such gifts shall be paid into or credited to the Gift Fund, and the Gift Fund shall not receive any other money or property.

  • Notes: Policy Name:2.4 Fundraising (Friends)Date(s) Revised:April 1996, August 2005Review Cycle:3 yearlyAuthority:National BoardNational Handbook Reference (s) Related Policies:2.1 Tax Deductible Gifts & Contributions Introduction Purpose of the PolicyThis policy recognises that the main concern and objective of the Friends of The Duke of Edinburgh’s Award in Australia Inc.

  • A separate bank account shall be opened and maintained for the Gift Fund and all Tax Deductible Gifts and income derived from such gifts or the investment of such gifts shall be kept separate from the other funds of the Foundation until used or appropriated in accordance with clause 21.1(e).

  • Receipts for donations of Tax Deductible Gifts to the Gift Fund are to be issued in the name of the Foundation, show its Australian Business Number and that the receipt is for a gift.

  • Annual Fund – Tax Deductible Gifts Nazarene Christian Academy has made every effort to keep tuition affordable.

  • Non Development activities are not considered to be RDE, nor acceptable for receipt of funding derived from Tax Deductible Gifts.

Related to Tax Deductible Gifts

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Deductible has the meaning set forth in Section 11.1(e).

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or any item of deduction or expense) of a Taxpayer for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a taxable period only if and to the extent that the Tax liability of the Taxpayer for such period, after taking into account the effect of the Tax Item on the Tax liability of such Taxpayer in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Qualifying loss means the amount of compensation attributable to a taxpayer’s nonqualified deferred compensation plan, less the receipt of money and property attributable to distributions from the nonqualified deferred compensation plan. Full loss is sustained if no distribution of money and property is made by the nonqualified deferred compensation plan. The taxpayer sustains a qualifying loss only in the taxable year in which the taxpayer receives the final distribution of money and property pursuant to that nonqualified deferred compensation plan.

  • Input Tax Credit means the credit of input tax;

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Tax Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;