Eligible Credit Amount for Each Taxable Year Sample Clauses

The 'Eligible Credit Amount for Each Taxable Year' clause defines the maximum tax credit a party may claim in a given tax year under the agreement. It typically outlines the calculation method for determining the eligible amount, such as referencing qualifying expenditures or specific statutory limits, and may include examples like capping credits at a percentage of annual investment. This clause ensures clarity and compliance by setting clear boundaries on credit claims, thereby preventing disputes and facilitating accurate tax planning.