first credit year
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 45E — for purposes of this section (6 versions over time)
The term “first credit year” means—
(A) the taxable year which includes the date that the eligible employer plan to which such costs relate becomes effective with respect to the eligible employer, or
(B) at the election of the eligible employer, the taxable year preceding the taxable year referred to in subparagraph (A).