transitional year definition

transitional year means any year of assessment relating to the basis period in which the income of an approved project is from the relevant date subject to tax as concessionary income instead of as normal income, or vice versa.
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transitional year means any calendar year (beginning with the calendar year in which the Closing occurs) in which USF distributions are based upon the costs, whether historic costs or forward-looking economic costs, reported for a calendar year in which Seller owned the Acquired Local Loop for any part of such calendar year.
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transitional year means any year of assessment relating to the basis period in which the income of an approved project is from the relevant date subject
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Related to transitional year

  • transitional period means the period starting on the commencement date and ending three months after that date.

  • Transition Period means the period from August 1, 1999

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Transition Date means the date on which this contract comes into effect for all purposes.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.