Common use of Early Withdrawal Clause in Contracts

Early Withdrawal. The Secretary or his delegate may, in his discretion and upon written request by a Gov- ernor of a State who has filed a notice of withdrawal, waive the 6-months re- quirement of section 6363(b)(1) and sub- paragraph (1) of this paragraph (c), if the Secretary determines that: (i) The State will suffer a hardship if required to meet such requirement, and (ii) The early withdrawal requested by the Governor would be practicable from the standpoint of orderly collec- tion of the qualified tax and adminis- tration of the State law by the Federal Government. [T.D. 7577, 43 FR 59374, Dec. 20, 1978] The State may by law provide for the transition to or from a qualified tax to the extent necessary to prevent double taxation or other unintended hard- ships, or to prevent unintended bene- fits, under State law. Generally, such provisions shall be administered by the State; but, if requested to do so by the Governor of the State, the Secretary or his delegate may in his discretion, agree to administer such provisions ei- ther solely or jointly with the State. [T.D. 7577, 43 FR 59375, Dec. 20, 1978]

Early Withdrawal. The Secretary or his delegate may, in his discretion and upon written request by a Gov- ernor of a State who has filed a notice of withdrawal, waive the 6-months re- quirement of section 6363(b)(1) and sub- paragraph (1) of this paragraph (c), if the Secretary determines that: (i) The State will suffer a hardship if required to meet such requirement, and (ii) The early withdrawal requested by the Governor would be practicable from the standpoint of orderly collec- tion of the qualified tax and adminis- tration of the State law by the Federal Government. [T.D. 7577, 43 FR 59374, Dec. 20, 1978] § 301.6363–3 Transition years. The State may by law provide for the transition to or from a qualified tax to the extent necessary to prevent double taxation or other unintended hard- ships, or to prevent unintended bene- fits, under State law. Generally, such provisions shall be administered by the State; but, if requested to do so by the Governor of the State, the Secretary or his delegate may in his discretion, agree to administer such provisions ei- ther solely or jointly with the State. [T.D. 7577, 43 FR 59375, Dec. 20, 1978]] § 301.6363–4 Judicial review.