Tax Credit definition
Tax Credit means a credit against, relief or remission for, or repayment of any Tax.
Tax Credit means any credit permitted under the Code or the law of any state against the federal or a state income tax liability of any Partner as a result of activities or expenditures of the Partnership including, without limitation, LIHTC.
Tax Credit has the meaning given to it in Clause 12.1 (Definitions).
Examples of Tax Credit in a sentence
The County's share of the Net Excess Proceeds shall be due the County from the Borrower within ten (10) days after the Borrower receives the final equity contribution from its Tax Credit Investor.
Subject to the rights of Senior Lenders, and to the extent of additional subordinate loan proceeds, equity or surplus development sources following the Final Cost Certification, no later than ten (10) days after the date Borrower receives its final Tax Credit Investor Equity contribution, Borrower shall pay to the County one-hundred percent (100%) of the Net Excess Proceeds, as a special repayment of the Loan.
More Definitions of Tax Credit
Tax Credit means a tax credit under Section 59-7-619 or 59-10-1034.
Tax Credit means as described in Section 1.1(A) of the QAP.
Tax Credit means a credit against, relief or remission for, or repayment of, any Tax;
Tax Credit means the low-income housing tax credit described in Section 42 of the Code.
Tax Credit means the credit to be received by the Applicant as computed under the provisions of Subchapter D of the Texas Economic Development Act and 34 Tex. Admin. Code §9.1056, provided that the Applicant timely complies with the requirements under such provisions, including the filing of a completed application under §313.103 of the Code and 34 Tex. Admin. Code §9.1054.