State Taxes Covered. The following constitute state taxes to which this Section applies: (a) A specific tax upon trust deeds or upon all or any part of the indebtedness secured by a trust deed. (b) A specific tax on a grantor which the taxpayer is authorized or required to deduct from payments on the indebtedness secured by a trust deed. (c) A tax on a trust deed chargeable against the beneficiary or the holder of the note secured. (d) A specific tax on all or any portion of the indebtedness or on payments of principal and interest made by a grantor.
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Samples: Commercial Deed of Trust, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing (Western Express Holdings, Inc.), Commercial Deed of Trust (Nations Flooring Inc), Commercial Deed of Trust (Charming Shoppes Inc)
State Taxes Covered. The following constitute state taxes to which this Section applies:
(a) A specific tax upon trust deeds or upon all or any part of the indebtedness secured by a trust deed.
(b) A specific tax on a grantor which the taxpayer is authorized or required to deduct from payments on the indebtedness secured by a trust deed.
(c) A tax on a trust deed chargeable against the beneficiary or the holder of the note secured.
(d) A specific tax on all all, or any portion of the indebtedness or on payments of principal and interest made by a grantor.
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