Common use of FOR RECENT CONSTRUCTION OR OTHER TAX SITUATIONS Clause in Contracts

FOR RECENT CONSTRUCTION OR OTHER TAX SITUATIONS. Seller will give a tax credit of 286 $ U.S. Dollars to Buyer at closing. This shall be a final settlement. 287 288 WARNING: 289 *The succeeding year tax bill for recently constructed homes or following reassessment periods may greatly exceed 290 the last tax bill available to the closing agent. 291 292 *Buyer acknowledges Seller's tax exemptions and/or credits may not be reflected on future tax bills. 293 294 *Buyer may apply for current-year exemptions/credits at or after closing.

FOR RECENT CONSTRUCTION OR OTHER TAX SITUATIONS. Seller will give a tax credit of 286 $ U.S. Dollars to Buyer at closing. This shall be a final settlement. 287 288 WARNING: 289 *The succeeding year tax bill xxxx for recently constructed homes or following reassessment periods may greatly exceed 290 the last tax bill xxxx available to the closing agent. 291 292 *Buyer acknowledges Seller's tax exemptions and/or credits may not be reflected on future tax bills. 293 294 *Buyer may apply for current-year exemptions/credits at or after closing.