credit period
Defined in 2 places of the United States Code.
For purposes of this section, the term “credit period” means, with respect to any building, the period of 10 taxable years beginning with—
(A) the taxable year in which the building is placed in service, or
(B) at the election of the taxpayer, the succeeding taxable year,
Source
- 2013–present26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · for purposes of this section
For purposes of this section, the term "credit period" means, with respect to any building, the period of 10 taxable years beginning with—
(A) the taxable year in which the building is placed in service, or
(B) at the election of the taxpayer, the succeeding taxable year,
but only if the building is a qualified low-income building as of the close of the 1st year of such period. The election under subparagraph (B), once made, shall be irrevocable.
Source
- 1994–202226 U.S.C. § 42Internal Revenue Code · Low-income housing credit · for purposes of this section
The term “credit period” means, with respect to any eligible small employer, the 2-consecutive-taxable year period beginning with the 1st taxable year in which the employer (or any predecessor) offers 1 or more qualified health plans to its employees through an Exchange.
Source
- 2010–present26 U.S.C. § 45RInternal Revenue Code · Employee health insurance expenses of small employers · for purposes of this section