Unitary Return definition

Unitary Return means any Return with respect to any Taxes, other than federal Income Taxes, filed, or required to be filed, on a consolidated, combined or unitary basis by any group of corporations of which Ralsxxx xx a member or has been a member at any time since its date of incorporation.
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Unitary Return has the meaning set forth in Section 10.1(i).
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Unitary Return means a tax return filed or required to be filed in any State using any form of the unitary concept and including both a Member or Members of the GBC Group and a Member or Members of the Lane Group. ARTICLE 2 STATEMENT OF INTENTION 2.1 Except as otherwise expressly provided herein, this Agreement shall be understood and construed consistent with the following statement of the general intention of the parties which is intended as an aid in the interpretation and construction of the operative provisions of this Agreement as set forth below: (a) This Agreement shall be considered a two-party agreement, with the GBC Group being one party and the Lane Group being the other party.
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Examples of Unitary Return in a sentence

  • If such an Other Unitary Return with respect to Other Unitary Taxes is not filed, the responsible party as required by applicable law shall be responsible for the reporting and payment of any Other Unitary Taxes applicable to such party.

  • The standard for decision shall be whether it is more likely than not that a Unitary Return is required or permitted under the applicable law and all the relevant facts and circumstances.

  • If, as a result of any Separate Claim, it is determined that TNT Holding should not have been included in a Post-Closing Unitary Return, Parent shall pay TNT Holding an amount equal to the amount, if any, previously paid to Parent by TNT Holding pursuant to Sections 2 and 4 of this Agreement for the period or periods covered by the Separate Claim decreased by the amount, if any, which the taxing authority refunds or credits to TNT Holding for the period covered by the Separate Claim.

  • Combining Taxpayer’s Bank Group and Financial Group Into a Single Unitary Return – Financial Institutions Tax Authority: IC 6-5.5-1-18; IC 6-5.5-6-1; 45 IAC 17-2-1(a); 45 IAC 17-3-5(a); 45 IAC 17-3-5(c)Taxpayer maintains that the audit erred in requiring that its bank group and financial group file a single unitary return.

  • An entity can be an object, component of data or a set of similar entities.

  • To the extent Cheniere is permitted or required to file an Other Unitary Return with the Partnership on a consolidated, combined or unitary basis, the provisions of this TSA relating to Franchise Tax matters shall apply to such Other Unitary Taxes as if they were Franchise Taxes.

  • The Unitary Tax Difference is the current Unitary Tax Liability less the aggregate Separate Unitary Return Tax of the subsidiaries with positive Separate Unitary Return Tax.

  • Adjustments to any calculation of TNT Holding's hypothetical tax liability shall be made where necessary or appropriate to ensure that TNT Holding does not suffer any detriment or realize any benefit (as a result of being included in a Post-Closing Unitary Return) as compared to TNT Holding's filing a separate return utilizing the Section 4 Policies.

  • The parties will also consult and cooperate with each other and shall furnish each other with information concerning the status of any tax audit or tax refund claim relating to any consolidated federal income tax return or Unitary Return of the Group.

  • Code 1200.120) The letters are listed numerically, are identified as either a General Information Letter or a Private Letter Ruling and are summarized with a brief synopsis under the following subjects: Alternative Apportionment Base Income –Disability PayCombined Unitary Return – IL Net Loss NexusSubtraction Modifications (Pensions) Copies of the ruling letters themselves are available for inspection and may be purchased for a minimum of $1.00 per opinion plus 50¢ per page for each page over one.


More Definitions of Unitary Return

Unitary Return means a state, local, or foreign unitary, consolidated, or combined income, franchise, business, or net worth tax return.
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Unitary Return any return required to be filed by a Company Affiliated Group for any period beginning prior to the Closing Date with respect to any Taxes (other than federal income Taxes) on a consolidated, combined or unitary basis.
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Unitary Return means any Return with respect to any Taxes, other than federal Income Taxes, filed, or required to be filed, on a consolidated, combined or unitary basis by any group of corporations of which Vail is a member or has been a member at any time since its date of incorporation.
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Related to Unitary Return

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Company Returns is defined in Section 3.15(a) of the Agreement.

  • 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.

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Combined Return means any Tax Return (other than for Federal Income Taxes) filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination), unitary or Group Relief basis that includes activities of members of the ESG Group or the KBR Group, or both, as the case may be.

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.