US Lawyer Database

36 §5210. Definitions

§5210. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1981, c. 698, §187 (RPR).] 1.  Business income.  [PL 1987, c. 841, §9 (RP).] 2.  Commercial domicile.  [PL 1987, c. 841, §9 (RP).] 3.  Compensation.  “Compensation” means wages, salaries, commissions and any other form […]

36 §5211. General

§5211. General 1.  Apportionment.  Any taxpayer, other than a resident individual, estate, or trust, having income from business activity which is taxable both within and without this State, other than the rendering of purely personal services by an individual, shall apportion his net income as provided in this section. Any taxpayer having income solely from […]

36 §5217-D. Credit for educational opportunity

§5217-D. Credit for educational opportunity 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following terms have the following meanings.   A. “Benchmark loan payment” means the monthly loan payment for the amount of the principal cap paid over 10 years at the interest rate for federally subsidized Stafford loans under […]

36 §5213-A. Sales tax fairness credit

§5213-A. Sales tax fairness credit For tax years beginning on or after January 1, 2016, individuals are allowed a credit as computed under this section against the taxes imposed under this Part.   [PL 2015, c. 267, Pt. DD, §19 (NEW).] 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following […]

36 §5214-A. Credit to beneficiary for accumulation distribution

§5214-A. Credit to beneficiary for accumulation distribution 1.  General.  A beneficiary of a trust whose adjusted gross income includes all or part of an accumulation distribution by that trust, as defined in the Code, Section 665, or its equivalent, shall be allowed a credit against the tax otherwise due under this Part for all or […]