Taxable net income definition

Taxable net income means entire net income allocated to this State as calculated pursuant to sections 6 through 8 of P.L.1945, c.162 (C.54:10A-6 through 54:10A-8) as modified by subtracting any prior net operating loss conversion carryforward calculated pursuant to subsection (u) of this section, and any net operating loss calculated pursuant to subsection (v) of this section.
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Taxable net income means the pertinent items of gross income specified in Section 32 of the NIRC, less all allowable deductions enumerated in Section 34, of the NIRC, less the dividends distributed by a REIT out of its Distributable Income as of the end of the taxable year as: (a) dividends to owners of the common shares; and (b) dividends to owners of the preferred shares pursuant to their rights and limitations specified in the Articles of Incorporation of the REIT.
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Taxable net income means entire net income allocated to this State as calculated pursuant to sections 6 through 8 of P.L.1945, c.162 (C.54:10A-6 through 54:10A-8) as modified by subtracting any prior net operating loss conversion carryforward calculated pursuant to subsection (u) of this section, and any net operating loss calculated pursuant to subsection (v) of this section; provided, however, for privilege periods ending on and after July 31, 2023, when subtracting any net operating losses calculated pursuant to subsection (v) of this section or the combined group net operating losses calculated pursuant to subsection h. of section 18 of P.L.2018, c.48 (C.54:10A-4.6), the limitation set forth in paragraph (2) of subsection (a) of Internal Revenue Code Section 172 (26 U.S.C. s.172(a)(2)) shall apply, except that August 1, 2023 is substituted for the reference to January 1, 2018 in subparagraph (A) of paragraph (2) of subsection a. of Internal Revenue Code Section 172 (26 U.S.C. s.172), and July 31, 2023 is substituted for the reference to December 31, 2017 in subparagraph (B) of paragraph (2) of subsection (a) of Internal Revenue Code Section 172 (26 U.S.C. s.172). For privilege periods ending on and after July 31, 2023, for a combined group, before subtracting the prior net operating loss conversion carryforwards and subtracting the net operating losses of the combined group when computing the total taxable net income, the combined group shall first add together the allocated entire net income from the unitary business of the combined group and the portion of allocated entire net income of members with activities independent of the group, and then subtract the prior net operating loss conversion carryforwards and then the net operating losses.
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Examples of Taxable net income in a sentence

  • Taxable net income (line 29 less line 30) (enter at Schedule A, line 1) 31.

  • The Regent Pavilion, porch, patio and cabanas are subject to the terms of the Facility Rental/Use Agreement, these Rules and Regulations, the Viridian Facility Use Guidelines, and all federal, state and local laws and ordinances.

  • Taxable net income (line 5 plus line 7)(enter here and on Form 720, Part I, line 14) ..............................

  • Taxable net income after NOLD(line 22 less line 23) .............................................25.

  • Taxable net income is defined as revenues less deductible expenses based on accounts prepared in accordance with the Accounting Regulations of the PRC for Enterprises with Foreign Investment (also applicable to foreign enterprises by reference).


More Definitions of Taxable net income

Taxable net income means the gross income less the deductions allowed in this Act.
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Taxable net income means the gross income less the deduction allowed in this act.
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Taxable net income means entire net income allocated to this State as calculated pursuant to sections 6 through 8 of P.L.1945, c.162 (C.54:10A-6
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Taxable net income means, for any period, the taxable net income (or loss) of the Company and such of its Subsidiaries that are eligible to file consolidated tax returns for federal income tax purposes, determined in accordance with federal and state income tax laws on a consolidated or combined basis; provided, however, that for purposes of calculating Taxable Net Income, (a) each of the Company and its Subsidiaries shall be deemed to have become a C corporation under the Code on the day after the Closing Date, (b) the Company shall be deemed to be subject to the taxes imposed on C corporations by Subtitle A of the Code and similar provisions of state law and (b) neither the Company nor any of its Subsidiaries shall take into account (i) any income attributable to any cancellation of Indebtedness occurring as a result of any transaction on or prior to the Closing Date or (ii) any ancillary effect of any such cancellation of Indebtedness on the basis of the assets of the Company or any of its Subsidiaries.
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Taxable net income means entire net income allocated to this State as calculated pursuant to sections 6 through 8 of P.L.1945, c.162 (C.54:10A-6 through 54:10A-8) as modified by subtracting any prior net operating loss conversion carryforward calculated pursuant to subsection (u) of this section, and any net operating loss calculated pursuant to subsection (v) of this section; provided, however, for privilege periods ending on and after July 31, 2023, when subtracting any net operating losses calculated pursuant to subsection (v) of this section or the combined group net operating losses calculated pursuant to subsection h. of section 18 of P.L.2018, c.48 (C.54:10A-4.6), the limitation set forth in paragraph (2) of subsection (a) of Internal Revenue Code Section 172 (26 U.S.C. s.172(a)(2)) shall apply, except that August 1, 2023 is substituted for the reference to January 1, 2018 in subparagraph
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Taxable net income shall have the meaning set forth in Section 11 hereof.
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Taxable net income shall have the meaning set forth in Section XI hereof.
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