Leasehold Excise Tax Sample Clauses

Leasehold Excise Tax. Lessee shall pay to State, in the manner required by applicable law, the leasehold excise tax as set forth in RCW 82.29A.030. For purposes of calculating the leasehold excise tax due under such statute, the “taxable rent” upon which leasehold excise tax shall be levied for the Initial Term shall be the amount of consideration due as payment for the leasehold interest created hereby, which shall be equal to (i) the gross purchase price paid by Lessee for the ▇▇▇▇▇▇▇▇ Property, including closing and other incidental costs paid by Lessee in connection with its purchase of the ▇▇▇▇▇▇▇▇ Property and the subsequent conveyance of the ▇▇▇▇▇▇▇▇ Property to the State pursuant to Section 3.1.1 above, plus (ii) unless otherwise provided by applicable law, expenditures made by Lessee for improvements to the Leased Premises, to the extent such improvements will become property of State (which, for purposes of clarification, shall not include the Rehabilitation work described herein). The taxable rent described in the foregoing clause (i) shall be considered prepaid contract rent for purposes of RCW 82.29A and, accordingly, the leasehold excise tax thereon shall be prorated over the term of this Lease pursuant to RCW 82.29A.050(1), as may be amended hereafter, and paid by Lessee at such times and intervals as may be required by applicable law. The taxable rent described in the foregoing clause (ii) shall be considered prepaid contract rent for purposes of RCW 82.29A and, accordingly, shall be prorated over the lesser of (a) the useful life of the applicable improvement, as determined under the Internal Revenue Code of the United States of America, as in effect at the time such improvement is constructed or (b) the remaining Term of this Lease. Leasehold excise tax shall not be due on expenditures made by Lessee for any improvements to the Leased Premises that are taxed to any person as personal property, or on repairs or maintenance to the Leased Premises, or any improvements located thereon, that are necessitated by damage caused by fire or other casualty event.

Leasehold Excise Tax. In addition to the base rental amount, Lessee shall pay all leasehold or excise taxes as now or hereafter assessed on the Premises or this Lease. The total annual amount of leasehold tax is subject to adjustment for changes in the amount and rate of the leasehold tax, if applicable and imposed.

Leasehold Excise Tax. In the event that the Lessee does not qualify as a tax-exempt entity for purposes of Chapter 82.29A RCW, the Lessee agrees to pay any leasehold excise tax due pursuant to state law. The Lessee will remit such tax payments to the Lessor, which will remit them to the Washington State Department of Revenue as required by law. All other taxes imposed upon the Property or arising from lease of the Leased Premises will be the responsibility of the Lessor.

Leasehold Excise Tax. Tenant agrees to pay promptly, as the same become due during the term of this Lease, all taxes levied upon and assessed against the Property which are due and payable during the term of this Lease, including the excise tax levied upon the Tenant’s interest pursuant to RCW 82.29A (except for taxes assessed for or payable for any period of time prior to or after the term of this Lease, which taxes shall be paid by the City).

Leasehold Excise Tax. All Rent payable during the Term by Tenant shall be accompanied by payment of all applicable Leasehold Excise Taxes, and to the extent that Leasehold Excise Tax is assessed prior to the Rent Commencement Date, it shall be paid by the Tenant as well as any other assessment or tax levied on the Premises or by virtue of this Lease payable by Landlord, now or hereafter required by law. If required by the State of Washington, Tenant shall pay to Landlord in advance on the first day of each month an amount equal to the Leasehold Excise Tax payable for such month. For all periods in the Term after the Rent Commencement Date, Tenant shall, in addition to the Rent and other amounts payable under this Lease, pay all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, including, without limitation, real estate taxes, general and special assessments, transit taxes, gross receipts or sales taxes, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Building or Land (all such assessments and taxes, if any, and other than the Leasehold Excise Tax defined below, “Taxes”). As used herein, “Leasehold Excise Tax” shall mean any tax on the estate of Tenant created by this Lease or on the Rent or, if and to the extent required by applicable law, any other sums due to Landlord pursuant to this Lease, including without limitation any assessments, taxes and leasehold excise taxes due and owing on “taxable rent” as defined in RCW Chapter 82.29A, and any subsequent revisions, supplements, and amendments thereto.

Leasehold Excise Tax. In the event it is determined that this lease is not exempt from Washington leasehold excise tax, then in addition to paying the rent as provided above, Tenant shall pay on a monthly basis to the Port the leasehold excise tax as required by law.

Leasehold Excise Tax. Should a leasehold excise tax be imposed on this Lease or any interest therein, Lessee shall pay to State the leasehold excise tax as set forth in RCW Chapter 82.29A, or as may be amended. As of the Effective Date of this Lease, leasehold excise tax rate is 12.84 percent. Leasehold tax shall be incorporated into Rent, unless paid directly to State. However, Lessee may be assessed leasehold excise tax directly from the Washington State Department of Revenue. In this instance, Lessee shall notify State in writing thereof.

Leasehold Excise Tax. There shall be no payment of leasehold excise taxes under Ch. 82.29A RCW to the extent that CWU’s uses of the Premises and Building are for the customary state governmental and non-proprietary educational purposes of a public institution of higher education. In the event the State of Washington makes any demand upon the City for payment of any leasehold excise tax under RCW 82.29A resulting from CWU’s use or occupancy of the Premises, CWU shall indemnify the City for all sums expended by the City or withheld by the State from the City in connection with such taxation.

Leasehold Excise Tax. Should a leasehold excise tax be imposed on this Lease or any interest therein, Lessee shall pay to State the leasehold excise tax as set forth in Chapter 82.29A RCW, or as may be amended. Leasehold tax shall be incorporated into Rent. However, Lessee may be assessed leasehold excise tax directly from the Washington State Department of Revenue. In this instance, Lessee must submit to State a written request, with supporting documentation from the Washington State Department of Revenue, to terminate or cease leasehold excise tax billing.