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 WARNING: THE SUCCEEDING YEAR TAX XXXX FOR RECENTLY CONSTRUCTED HOMES OR FOLLOWING REASSESSMENT PERIODS MAY GREATLY EXCEED THE LAST TAX XXXX AVAILABLE TO THE CLOSING AGENT. Buyer acknowledges Seller's tax exemptions and/or credits may not be reflected on future tax bills. 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 WARNING: THE SUCCEEDING YEAR TAX XXXX BILL FOR RECENTLY CONSTRUCTED HOMES OR FOLLOWING REASSESSMENT PERIODS MAY GREATLY EXCEED THE LAST TAX XXXX BILL AVAILABLE TO THE CLOSING AGENT. Buyer Xxxxx acknowledges SellerXxxxxx's tax exemptions and/or credits may not be reflected on future tax bills. Buyer may apply for current-year exemptions/credits at or after closing.