Who May Elect definition

Who May Elect. Any individual who is a qualified electing nonresident mem- ber in a pass-through entity doing business in Rhode Island or having income, gain, loss, or deduction derived from or connected with sources within Rhode Island is eligible to elect to be included in a composite income tax return (Form RI-1040C) filed by the pass-through entity. A pass-through entity is xxx- gible to file Form RI-1040C for a taxable year only if all of the qualified elect- ing nonresident members have the same taxable year. This election may be made by any individual who is a nonresident: Partner in a partnership doing business in Rhode Island or having income, gain, loss, or deduction derived from or connected with sources within Rhode Island; or Shareholder in an S corporation doing business in Rhode Island or having income, gain, loss, or deduction derived from or connected with sources with- in Rhode Island; or Member of an LLC treated as a partnership for federal income tax purposes and doing business in Rhode Island or having income, gain, loss, or deduc- tion derived from or connected with sources within Rhode Island; or Beneficiary of a trust or estate having income, gain, loss, or deduction derived from or connected with sources within Rhode Island.
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Examples of Who May Elect in a sentence

  • Who May Elect or Waive Military Retirement Pay With a Service Department Finding of Incompetency If a service department finds that a Veteran is mentally incompetent, only a trustee or fiduciary recognized by one of the military services may make an election or waiver of military retirement pay.

  • Option 2Should the financial regulation framework be applied to basic tradeable water rights and arrangements to buy and sell them, noting that it is a ready-made market regulation framework?5 growers answered YESPlease share your thoughts on this- Sorry don't understand question, already too much red tape.

  • The entity fails to qualify as an S corporation (see Who May Elect, earlier) on the effective date entered on line E of Form 2553 because Form 2553 wasn’t filed by the due date (see When To Make the Election, earlier).

  • Who May Elect on page 1 of the instructions; all shareholders have signed the consent statement; an officer has signed this form; and the exact name and address of the corporation and other required form information are provided.

  • Who May Elect on page 1 of the instructions; all shareholders have signed the consent statement; and the exact name and address of the corporation and other required form information are provided.

  • Who May Elect, earlier) on the effective date entered on line E of Form 2553 because Form 2553 wasn’t filed by the due date (see When To Make the Election, earlier).

  • Who May Elect or Waive Military Retirement Pay With a Service Department Finding of Incompetency If a service department finds that a Veteran is mentally incompetent, only a trustee or fiduciary recognized by one of the military services may make an election or waiver of military retirement pay.Do not accept an election or waiver based on a Veteran’s signature on the forms listed in M21-1, Part III, Subpart v, 5.A.2.d when a service department holds the Veteran to be incompetent.

Related to Who May Elect

  • Election means an election by a constituency, or by a class within a constituency, to fill a vacancy among one or more posts on the council of governors;

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Presidential Primary Election means the election established in Chapter 9, Part

  • by-election means an election other than a general election;

  • Early Opt-in Election means the occurrence of:

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • LCA Election has the meaning specified in Section 1.09(a).

  • Election judge means a poll worker that is assigned to:

  • Special election means an election held as authorized by Section 20A-1-203.

  • Concurrent enrollment means the simultaneous enrollment of a qualified student in a district high school and in one or more postsecondary courses at an institution of higher education. Concurrent enrollment does not include a student’s simultaneous enrollment in: a district high school and in one or more secondary career and technical education courses, advanced placement courses, or international baccalaureate courses; an early college course and a postsecondary course; a p-tech school and a postsecondary course; or a district high school and a postsecondary course that does not fall within the definition of concurrent enrollment.

  • General election means an election held in the Commonwealth on the Tuesday after the first