Tax Impact definition

Tax Impact has the meaning set forth in Section 6.14(a)(vi).
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Tax Impact means an amount equal to the excess of (i) the sum of the federal, state and local income taxes incurred by XXXX Com Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions.
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Tax Impact means federal, state and local income taxes incurred on reimbursement of federal, state and local income taxes. This amount shall be reduced by the net present value of tax benefits receivable on future tax depreciation deductions for the replacement fibers. In addition, this amount shall be reduced by the tax benefit due to any acceleration of tax depreciation deductions for FiveCom Fibers replaced. FiveCom shall have the option of not replacing the failed fibers, or of terminating the Agreement prior to the end of the Initial Term of this Agreement in lieu of sharing in the cost of replacing the FiveCom Fibers; provided that FiveCom may exercise this right to terminate only if, prior to any replacement, less than the Minimum Number of Fibers meet the Specifications.
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Examples of Tax Impact in a sentence

  • PROCEDURES FOR APPROVING TAX ABATEMENT The following is a summary of the basic steps for the approval of a development plan: Preparation of Tax Impact Statement The statute requires the governing body to hold a public hearing regarding any proposed development plan.

  • In case of a redemption on the grounds of a Tax Status Breach, the Manager is allowed to subtract the Negative Tax Impact Amount that is caused by the Tax Status Breach from the redemption payment to the Participant.

  • Tax Impact: Present value of 5.5% x $200,000 x 3 years or $31,419.00 (assumes 5% discount rate) Conclusion – It just makes sense Not every case will generate compensable tax consequences.

  • Social Housing Lettings: April 2018 to March 2019, England 2018/19 sets out that almost 94% of local authority new lettings in 2018/19 were lifetime or secure tenancies.

  • Placeholder and On the Horizon Projects When reviewing projects and placing them in the CIP Estimated Tax Impact Table, the CIP Advisory Committee also considers whether the project is a "Placeholder" or is "On the Horizon." A project that is considered a Placeholder is a project that does not yet have a well- defined description or scope for implementation.

  • Estimated Net Tax Impact - $.58/$1,000Article 8: SAU Budget FY22Budget Budget DriversIncrease overFY22 Budget Article 8: SAU Budget Proposed “Compliance & Communications Specialist” Identified Need: The increasing demands for compliance documentation and other communication matters is absorbing significant time of senior district leadership and cutting into the time needed to carry out their primary functions of educational and fiscal management.

  • Unfortunately, many people are born without these abilities may lose any of these abilities afterwards.

  • In the event TopCo determines that an Adverse Tax Impact would result from the restructuring of its holdings of NFE Shares under this Section 1(c), XxxXx agrees that TopCo shall cooperate with Executive and his advisors in good faith to explore and implement alternative structures that mitigate the Adverse Tax Impact and reduce any adverse tax consequences to Executive.

  • Estimated Net Tax Impact - $9.49/$1,000 MOTION BY MEMBER HAAG TO RECOMMEND ARTICLE 5, AS PRESENTED MOTION SECONDED BY MEMBER SARRIS ON THE QUESTION Chairman Haag noted the district was able to return $517,000 to the tax base in FY21.

  • Ms. Mahoney asked why the Default’s Tax Impact was not listed on the Warrant.


More Definitions of Tax Impact

Tax Impact means a material adverse income tax liability to Borrower taking into account actual or anticipated repatriation of funds, foreign tax credits, and other relevant factors.
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Tax Impact means the amount determined in good faith by the Indemnified Party and the Indemnifying Party to reasonably estimate, on a marginal basis, the actual aggregate net Tax benefit with respect to the Indemnified Party's current and future Tax liabilities (assuming an income Tax rate equal to the highest combined marginal federal, state and local income Tax rate imposed on corporations at the time such determination is made, taking into account the deductibility of state and local Taxes for determining federal taxable income, and discounting future Tax Liabilities at a rate equal to the prime lending rate published in the Wall Street Journal in effect at the time such determination is made) attributable to (i) the item or adjustment resulting in a Tax or (ii) that portion of an Adverse Consequence for which, with respect to both (i) and (ii), the Indemnified Party has a right to indemnification under Section 9 of this Agreement.
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Tax Impact means direct net tax impact for the Gouvernement du Québec during the first 5 years fol- lowing the launching of the implementation of the project, as calculated by means of an econometric model;”.
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Tax Impact. Upon repayment of the cumulative accrued interest, the employee will receive notification of the amount paid to be used for possible tax purposes. If all or a portion of the loan is considered to be forgiven, then that portion which is forgiven will be considered compensation to the employee and the related employment taxes may be due from the employee. Eligibility: Loan eligibility is determined based on salary level, employment length, employee reviews (need satisfactory review on latest review), employee's number of vested unexercised options, the expiration date of the employee's option and the employee's unexercised vested option value. Additionally, the employee will not have exercised any of their options since the commencement of the loan program. Notwithstanding the above, any loan made under the Loan Program will be at the Company's discretion.
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Related to Tax Impact

  • Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • 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).

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Tax Incentive has the meaning set forth in Section 3.13(g).

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Base Tax Year means the property tax levy year used

  • 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).

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Tax roll means a permanent record of the taxes charged on property, as extended

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

  • Taxable means either:

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Tax Information means information and/or properly completed and signed tax certifications sufficient to eliminate the imposition of or to determine the amount of any withholding of tax, including FATCA Withholding Tax.

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

  • Property tax increment means the amount obtained by:

  • Tax Date means the date any withholding tax obligation arises under the Code for a Participant with respect to an Incentive Award.

  • Property Tax means the general property tax due and paid as set

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Tax Statement shall have the meaning set forth in Section 27.1 hereof.