Common use of Allocation of Tax Relating to UTC State Combined Income Tax Returns Clause in Contracts

Allocation of Tax Relating to UTC State Combined Income Tax Returns. With respect to any UTC State Combined Income Tax Return, UTC shall be responsible for any and all State Income Taxes due with respect to or required to be reported on any such Tax Return (including any increase in such Tax as a result of a Final Determination); provided, that:

Appears in 7 contracts

Samples: Tax Matters Agreement (Raytheon Technologies Corp), Tax Matters Agreement (Carrier Global Corp), Tax Matters Agreement (Otis Worldwide Corp)

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