Utah taxable income before net loss deduction definition

Utah taxable income before net loss deduction means apportioned income plus
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Utah taxable income before net loss deduction means apportioned income plus nonbusiness income allocable to Utah net of related expenses.
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Utah taxable income before net loss deduction means apportioned
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Examples of Utah taxable income before net loss deduction in a sentence

  • Utah net loss [shall be carried] to the earliest eligible year for which the Utah taxable income before net loss deduction, minus Utah net losses from previous years [that were applied or required to be applied] that a taxpayer applied or was required to apply to offset income, is not less than zero.

Related to Utah taxable income before net loss deduction

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Transaction Deductions means with respect to the Company, the sum of all items of loss or deduction for U.S. federal, state and local income tax purposes, resulting from or attributable to (a) the Option Deductions, (b) bonuses paid or accrued as of the Closing Date and (c) the payment of legal, accounting, investment banking and other fees and expenses of the Company incurred in connection with the transactions contemplated hereby including, without limitation, the Transaction Expenses.