US Lawyer Database

§ 2061. Alternative calculation of Headquarters Management Corporation tax.

§ 2061. Alternative calculation of Headquarters Management Corporation tax. (a) Except in the case of a Headquarters Management Corporation described in subsection (b) of this section (but only to the extent that paragraph (1) of such subsection does not apply), during each of the 10 taxable years commencing with the first taxable year following the […]

§ 2062. Credit against income tax for new Headquarters Management Corporation employment.

§ 2062. Credit against income tax for new Headquarters Management Corporation employment. (a) Except in the case of a Headquarters Management Corporation subject to the tax payable under § 6402(2) of this title, any Headquarters Management Corporation that at all times during any taxable year consisting of 12 full months employs 5 or more qualified […]

§ 2063. Occupational license; exemption from occupational gross receipts license fees.

§ 2063. Occupational license; exemption from occupational gross receipts license fees. (a) A Headquarters Management Corporation shall obtain a license pursuant to the provisions of Chapter 21 and § 2301(a) of this title. (b) A Headquarters Management Corporation shall be exempt from payment of fees set forth in subsections (b) and (d) of § 2301 […]

§ 2064. Regulations.

§ 2064. Regulations. The Director of Revenue is authorized to promulgate rules, regulations and decisions not inconsistent with this subchapter and require such facts and information to be reported as the Director deems necessary for its administration and enforcement. No rule or regulation adopted pursuant to the authority granted by this section shall extend, modify […]

§ 2020. Definitions.

§ 2020. Definitions. As used in this subchapter: (1) “Commercial activity” is an activity constituting a business licensable under § 2301 of this title, other than any of the following business: Amusement conductor, amusement park operator, auctioneer, automobile race operator, bowling alley operator, circus exhibitor, entertainment agent, finance or small loan agency, floor show operator, […]

§ 1908. Historic rehabilitation.

§ 1908. Historic rehabilitation. Any entity taxable under this section is eligible for tax credits in accordance with the Historic Preservation Tax Credit Act (Chapter 18 of this title), which credits shall be against taxes imposed under this chapter; provided, however, that all claimed credits are accompanied by a Certificate of Completion issued by the […]

§ 2022. Reduction in license fees for investment and employment in targeted areas.

§ 2022. Reduction in license fees for investment and employment in targeted areas. (a) Any taxpayer that: (1) Places in service, within any targeted area as defined by § 2020(3)a. through c. of this title and § 2020(3)d. of this title [repealed], a qualified facility in which the taxpayer is engaged in a qualified activity […]