Taxable income or loss definition

Taxable income or loss means the taxable income or loss determined, or in the case of a

Taxable income or loss means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, un- der chapter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions, subtractions, adjustments and other modifications as are specifically prescribed by this chapter ex- cept that in determining taxable income or loss for any year, no deduction under ORS 317.476 or

Taxable income or loss means the taxable income or loss determined, or in the case of a cor- poration for which no federal taxable income or loss is determined, as would be determined, under chap- ter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions, subtractions, adjust- ments and other modifications as are specifically prescribed by this chapter except that in determin- ing taxable income or loss for any year, no deduction under ORS 317.476 or 317.478 and section 45b, chap- ter 293, Oregon Laws 1987, shall be allowed. If the corporation is a corporation to which ORS 314.280 or 314.605 to 314.675 (requiring or permitting appor- tionment of income from transactions or activities carried on both within and without the state) ap- plies, to derive taxable income or loss, the following shall occur:

Examples of Taxable income or loss in a sentence

• Commencing as of the date hereof, Taxable Income or Loss of the Partnership (and items thereof) for any Fiscal Year or other period shall be allocated among the Partners pro rata in accordance with their respective Percentage Interests.

• Such Preliminary Stub Period Taxable Income or Loss, as the case may be, shall be prepared in the manner described in this paragraph and assuming the taxable year ended on the Closing Date.

• The Partners and their successors and permitted assignees shall continue to share Taxable Income or Loss, and Gain or Loss on Disposition during the period of such liquidation in the same manner and proportion as immediately before the dissolution (other than any Partners which may have been bankrupt, resigned, dissolved or been expelled from the Partnership).

• TAXABLE INCOME OR LOSS" -- Company Pro Forma Taxable Income or Loss modified as required under the provisions the Code to determine alternative minimum taxable income.

• Subject to Section 5.11, Taxable Income or Loss shall, after allocations required by Sections 5.4 through 5.10 have been made, be allocated among the Members in accordance with their Percentage Interests.

More Definitions of Taxable income or loss

Taxable income or loss means the taxable income or loss deter-

Taxable income or loss means either taxable income or taxable loss as the circumstances dictate;

Taxable income or loss means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, un- der chapter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions,

Taxable income or loss. As to any period, the income or loss, respectively, of the Partnership for such period as determined by the Partnership for purposes of the Code.

Taxable income or loss means the income or loss of the Partnership as determined for Federal income tax purposes (but excluding Gain or Loss on Disposition) as adjusted pursuant to Section 7.1.

Taxable income or loss means income or loss as determined under I.R.C. Section 703 and/or other applicable sections of the I.R.C.

Taxable income or loss means the Company’s taxable income or loss as determined in accordance with the income tax accounting method followed by the Company for federal income tax purposes pursuant to ARTICLE 8 of this Agreement.