California Withholding. To the extent any portion of the Services is performed in the State of California, either: (a) Contractor represents that Contractor is a California resident or registered with the California Secretary of State and shall provide Company with an original and a copy of Form 590, Withholding Exemption Certificate, in accordance with California Revenue and Taxation Code Section 18662 and regulations thereunder; or (b) seven percent (7%) of all compensation payable to Contractor for the Services performed in California shall be withheld in accordance with applicable California Franchise Tax Board (“FTB”) regulations, unless Company has been notified in writing by FTB that withholding is waived or a lower rate or withholding is authorized. Minimization of Tax Liability. Contractor and Company shall cooperate in good faith to minimize their respective tax liability to the extent legally permissible (and with no duty to increase either Party’s tax liability), which, with respect to Contractor, includes separately stating taxable charges on Contractor’s invoices and supplying resale and exemption certificates, if applicable, and any other information reasonably requested by Company.
California Withholding. California Form 593-C with respect to Seller, as to any applicable exemption from California withholding tax. If no exemption is claimed, the Title Company in its capacity as escrow holder shall withhold the required amount of California state tax from Seller’s proceeds of sale and remit to the California Franchise Tax Board.
California Withholding. In the event Seller does not qualify for an exemption from California withholding tax under Section 18662 of the California Revenue and Taxation Code (“Tax Code”) as evidenced by the delivery to Buyer at Closing of the California Exemption Certificate duly executed by Seller, (i) Escrow Holder shall withhold three and one-third percent (3 1/3%) of the Purchase Price on behalf of Buyer at Closing for payment to the California Franchise Tax Board in accordance with the Tax Code, (ii) Buyer shall deliver three (3) duly executed originals of California Form 597 to Escrow Holder at or immediately after Closing, (iii) two
California Withholding. To the extent any portion of the Services is performed in the State of California, either: (a) Contractor represents that Contractor is a California resident or registered with the California Secretary of State and shall provide Company with an original and a copy of Form 590, Withholding Exemption Certificate, in accordance with California Revenue and Taxation Code Section 18662 and regulations thereunder; or (b) seven percent (7%) of all compensation payable to Contractor for the Services performed in California shall be withheld in accordance with applicable California Franchise Tax Board (“FTB”) regulations, unless Company has been notified in writing by FTB that withholding is waived or a lower rate or withholding is authorized.
California Withholding. In accordance with Section 18662 of the Revenue and Taxation Code, a buyer may be required to withhold an amount equal to 3113 percent of the sales price in the case of a disposition of California real property interest by either:
California Withholding. Escrow Holder shall withhold from ------------------------ the Purchase Price all tax withholding amounts required by the California Revenue and Taxation Code including, without limitation, 3 1/3% of the Purchase Price as required by Revenue and Taxation Code Section 18662.]
