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. 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 McDonald Property, including closing and other incidental costs paid by Lessee in connection with its purchase of the McDonald Property and the subsequent conveyance of the McDonald Property to the State pursuant to Section
Leasehold Excise Tax. No leasehold excise tax is applicable to this transaction as all entities involved are exempt as public entities.
Leasehold Excise Tax. WSR has paid the City the outstanding leasehold excise tax of $86,942.07 owed through August 31, 2022. WSR shall continue to owe leasehold excise tax of $3,241.83 a month until the date of this Agreement. If WSR declines to pay the monthly leasehold excise tax, the City will file a timely notice of nonpayment with the Department of Revenue (DOR). WSR will continue to owe the monthly leasehold excise tax amount of $3,241.83 until the date of this Agreement and then $2,568 during the term of this Agreement (calculated as 12.84% of $20,000 a month rent), unless a lesser amount is approved by DOR. The City will cooperate with WSR in its effort to have the DOR accept a lower monthly leasehold excise tax amount and to refund a portion of leasehold excise taxes previously paid.
Leasehold Excise Tax. In addition to any use permit fee which Permittee is required to pay hereunder, Permittee shall timely pay any and all leasehold excise tax imposed by RCW82.29A, or any other applicable section of the Revised Code of Washington. EXHIBIT A
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 XxXxxxxx Property, including closing and other incidental costs paid by Lessee in connection with its purchase of the XxXxxxxx Property and the subsequent conveyance of the XxXxxxxx Property to the State pursuant to Section
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. Tenant shall pay to the Landlord such sums as may be required by law for payment of leasehold or other tenant tax as required, imposed, assessed, or imputed by the state of Washington or other tax entity, as such laws now exist or may hereafter be amended (such leasehold tax currently being 12.84%). If leasehold tax is increased or decreased, the total amount payable to the Landlord shall increase or decrease, but the amount of rent, as adjusted herein, shall not be changed as a result of any change in the leasehold tax rate.
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. Developer will pay to Port any Washington State Leasehold Excise Taxes due for any Phases of development for which Ground Lease(s) have been executed. The current Leasehold Excise Tax rate is 12.84% of any ground lease payments due, though this rate could increase. Upon receipt of Leasehold Excise Tax Payments from Developer, Port will then pay Leasehold Excise Taxes to the Washington State Department of Revenue.
