Tax Depreciation definition

Tax Depreciation for any fiscal year shall mean the amount of depreciation, cost recovery or other amortization deductions allowable to the Partnership for Federal income tax purposes for such year.

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Tax Depreciation means depreciation, accelerated cost recovery, or modified cost recovery, and any other amortization, deductions allowed or allowable with respect to any Company Property for federal income tax purposes.

Tax Depreciation means with respect to any property owned by the Partnership depreciation, accelerated cost recovery, or modified cost recovery, and any other amortization or deduction allowed or allowable for federal, state or local income tax purposes.

Examples of Tax Depreciation in a sentence

• As additional compensation, the Executive shall be entitled to receive a bonus ("Bonus") for each fiscal year during the Term of the Executive's employment by the Company in an amount equal to three percent (3%) of Earnings of the Company Before Income Tax, Depreciation and Amortization (EBITDA) in excess of the EBITDA for the previous fiscal year.

• As additional compensation, the Executive shall be entitled to receive a bonus ("Bonus") for each fiscal year during the Term of the Executive's employment by the Company in an amount equal to two percent (2%) of Earnings of the Company Before Income Tax, Depreciation and Amortization (EBITDA) in excess of the EBITDA for the previous fiscal year.

• The Present Value of Tax Depreciation Amount shall be computed by discounting AEP’s anticipated tax depreciation deductions with respect to the constructed property by AEP’s current weighted average cost of capital.

• Income Tax Depreciation allowable for the calculation of Federal and State income taxes is based upon the plant investment related to production, nuclear fuel, transmission, distribution and general plant as functionalized.

• As additional compensation, the Executive shall be entitled to receive a bonus ("Bonus") for each fiscal year during the Term of the Executive's employment by the Company in an amount equal to one percent (1%) of Earnings of the Company Before Income Tax, Depreciation and Amortization (EBITDA) in excess of the EBITDA for the previous fiscal year (only to the extent of positive net income for such period).

More Definitions of Tax Depreciation

Tax Depreciation shall be the applicable AMT depreciation schedule for the Coke Plant. “Excess Production (Tons) and Excess Production Discount” shall equal *****.

Tax Depreciation is defined in Exhibit C.

Tax Depreciation means, for any allocation period, an amount equal to the depreciation, amortization, and other cost recovery deductions allowable for Federal income tax purposes with respect to an asset or other capitalized amount for such allocation period (regardless of whether such depreciation, amortization, or other cost recovery deductions arise from the common tax basis of Partnership property or the tax basis of Partnership property attributable to a particular Partner because of a Code Section 754 election or otherwise); provided, however, that if the book value of an asset differs from its adjusted tax basis at the beginning of such allocation period, Tax Depreciation for that asset shall be an amount that bears the same ratio to such beginning book value as the Federal income tax depreciation, amortization, or other cost recovery deduction for that asset for such allocation period bears to such beginning adjusted tax basis; provided, further, however, that if the adjusted tax basis of an asset at the beginning of such allocation period is zero, Tax Depreciation for that asset shall be determined with reference to the appropriate Federal income tax recovery period.

Tax Depreciation for any Allocation Year shall mean the amount of depreciation, cost recovery or other amortization deductions allowable to the Partnership for Federal income tax purposes for such year.

Tax Depreciation means allowances allowed in terms of sections 17 and 36;

Tax Depreciation means, for each Partnership Year or other applicable period, an amount equal to the Federal income tax depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for Federal income tax purposes at the beginning of such year or other period, Tax Depreciation shall be in an amount that bears the same ratio to such beginning Gross Asset Value as the Federal income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that if the Federal income tax depreciation, amortization or other cost recovery deduction for such year or period is zero, Tax Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the General Partner.

Tax Depreciation means, with respect to any property owned by the Partnership, depreciation, accelerated cost recovery, or modified cost recovery, and any other amortization or deduction allowed or allowable for federal, state or local income tax purposes.