Tax Threshold definition

Tax Threshold means an amount, value or level above, from, up to or below which —
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Tax Threshold shall be defined as provided in Section B below.
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Tax Threshold shall have the meaning given to that term in Section 10.6.
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Examples of Tax Threshold in a sentence

  • Tax and National Insurance is payable only when a worker exceeds the Tax Threshold limit governed by HM Revenue and Customs (xxx.xxxx.xxx.xx).

  • To the extent that a Sales or Use Tax Audit Final Determination results in Tyco for the first time exceeding its Non-Income Tax Threshold Base Amount, the amount that exceeds the Non-Income Tax Threshold Base Amount shall be prorated among the Parties based on a percentage of the Sales or Use Tax errors related to a particular billing system over the total errors identified in the Audit as if the entire Audit had exceeded the Non-Income Tax Threshold Base Amount.

  • On a quarterly basis or as otherwise agreed by the Parties, (i) Tyco shall prepare and deliver to ADT NA a schedule documenting the sum of all payments, Refunds or other amounts included in the most current determination of the Non-Income Tax Threshold Base Amount, and (ii) ADT NA shall prepare and deliver to Tyco a schedule documenting the sum of all payments, Refunds or other amounts included in the most current determination of the ADT Canada Non-Income Tax Threshold Base Amount.

  • Liability for the audit payment in excess of the Non-Income Tax Threshold Base Amount shall be determined by applying these percentages to such excess amount.

  • No Gross-Up Payments shall be payable hereunder if the Accounting Firm determines that (i) the Payments are not subject to an Excise Tax or (ii) the aggregate value of the payments is less than 110% of the Excise Tax Threshold.

  • Adjusted Gross Income from IRS 1040 $ Tax exempt income earned for the year + Gain on sale of the home - Modified Adjusted Gross Income=$ Then determine if this income exceeds the “Recapture Tax Threshold Income Limits” (CHFA Form #048-0405) for your family size and home location, based on the year you are selling your home.

  • The County’s TDR bank will agree to hold additional Regional TDR Credits in reserve to ensure Local Property Tax Threshold Levels 2, 3, and 4 are met if the conditions in Section IV.D are met.

  • We use ranges of SEK 5,000, SEK 10,000, and SEK 20,000 (about USD 678, USD 1,355, and USD 2,710 in 2006) around the state tax threshold.We use a local linear regression design, with our income shifting measures as the dependent variable and the State Tax Threshold dummy as the explanatory variable of interest.

  • Twenty (20) years after the first transfer of Local Property Tax Allocation Revenue from the County to the City if only Local Property Tax Threshold Levels 1, 2, and 3 are satisfied.

  • The County’s TDR bank shall hold 200 Regional TDR Credits that meet the requirements of Section II.C.4.b in reserve (“Reserve Credits”) for potential sale into the LIPA to ensure that Local Property Tax Threshold Level 1, as defined in Section IV.C, is satisfied.


More Definitions of Tax Threshold

Tax Threshold means the amount specified as the Tax Threshold on Schedule 2.3(c).
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Tax Threshold means $25,000.
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Tax Threshold means the change expressed as a percentage between (1) the present value of the Portfolio (including, without limitation the Private Equity Portfolio) at the Issuer level under the tax regime in force following the Change in Tax Law based on the effective tax rate(s) applicable after the Change in Tax Law (the "New Tax Regime Present Value") and (2) the present value of the Portfolio (including, without limitation the Private Equity Portfolio) at the Issuer level under the tax regime in force prior to the occurrence of the Change in Tax Law (the "Old Tax Regime Present Value").
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Tax Threshold has the meaning set forth in Section 10.01(b) below.
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Tax Threshold means the value determined by matching the activity listed in the column ‘Activity/Sector’ with the corresponding entry in the column ‘Threshold’ in Schedule 2 of the Carbon Tax Act.(c) Except as otherwise provided in Chapter VA and these rules –
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Tax Threshold has the meaning given to that term in Clause 5.2.3;
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Related to Tax Threshold

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $4 Billion ($4,000,000,000.00).

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Initial Dividend Threshold shall have the meaning specified in Section 14.04(d).

  • Threshold means, for Party B: infinity.

  • Materiality Threshold means limits for related party transactions beyond which the shareholders' approval will be required as specified in Companies Act, 2013 and rules thereof and amendments thereto.

  • Hurdle Amount for any period during a calendar year means that amount that results in a 5% annualized internal rate of return on the Net Asset Value of the Partnership Units outstanding at the beginning of the then-current calendar year and all Partnership Units issued since the beginning of the then-current calendar year, taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such Partnership Units and all issuances of Partnership Units over the period and calculated in accordance with recognized industry practices. The ending Net Asset Value of the Partnership Units used in calculating the internal rate of return will be calculated before giving effect to any allocation or accrual to the Performance Allocation and any applicable stockholder servicing fee expenses, provided that the calculation of the Hurdle Amount for any period will exclude any Partnership Units repurchased during such period, which Partnership Units will be subject to the Performance Allocation upon such repurchase as described in Section 5.2(c).

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Cap Amount shall have the meaning set forth in Section 2.3.10.

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

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Fair Share Contribution Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • de minimis amount means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88-129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At Connecting Transmission Owner’s request, Developer shall provide Connecting Transmission Owner with a report from an independent engineer confirming its representation in clause (iii), above. Connecting Transmission Owner represents and covenants that the cost of the Connecting Transmission Owner’s Attachment Facilities paid for by Developer will have no net effect on the base upon which rates are determined.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).