Unitary Tax Return definition

Unitary Tax Return means a state income tax return which reflects the combined and/or consolidated reporting (either on a domestic or worldwide basis) of Enron and its affiliates for a state which either (i) imposes its income tax on its apportioned and/or allocable share of the net income and its United States affiliates that are engaged in a "unitary business", part of which is conducted in the state or (ii) imposes its income tax on its apportioned and/or allocable share of the net income of a taxpayer and its affiliates--both domestic and foreign--that are engaged in a unitary business. Other terms defined herein have the meanings given them.
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Unitary Tax Return means a state income tax return which reflects combined reporting (on either a domestic or worldwide basis) of the Members' net income on an apportioned basis.
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Unitary Tax Return shall have the meaning given such term in Article 10.
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Examples of Unitary Tax Return in a sentence

  • As such, this Agreement shall apply to all taxable years or portions thereof (including those prior to the date of this Agreement) for which a Consolidated Return or Unitary Tax Return was or is filed with respect to a Present Subsidiary that were included as part of such Return(s), unless Enron and the Present Subsidiary agree in writing to another arrangement or otherwise agree to terminate this Agreement.

  • In the event a Unitary Tax Return is amended or audited, schedules reallocating the Unitary Tax Liability between the Enron Entities and the EOG Entities, respectively, shall be prepared by Enron and provided to EOG for its review.

  • In no event shall EOG or any EOG Subsidiary file any tax return or amended tax return, claim any refund, or make any tax election with respect to or which could in any way affect or be inconsistent with (x) any tax return filed for any taxable period or portion thereof in the Pre-Deconsolidation Date Period or (y) any Unitary Tax Return for any period that includes both an Enron Entity and an EOG Entity, without first obtaining the written permission of Enron.


More Definitions of Unitary Tax Return

Unitary Tax Return means a state income tax return with respect to a Unitary Tax.
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