Common use of Statement Based on Sales Tax Reports Clause in Contracts

Statement Based on Sales Tax Reports. In accordance with Section 2252.063, Texas Government Code, Contractor will submit to University’s Representative, no later than the 15th day after the end of each fiscal year, an annual payment statement derived from all of Contractor’s sales tax reports for its operations in any Food Service Location during the preceding fiscal year. This annual payment statement must be certified by a certified public accountant licensed in the State of Texas (ref. Section 4.3.1). The term “fiscal year” will mean University’s fiscal year, that commences September 1 and ends August 31.

Statement Based on Sales Tax Reports. In accordance with Section §2252.063, Texas Government Code, Contractor will submit to University’s Representative, no later than the 15th day after the end of each fiscal year, an annual payment statement derived from all of Contractor’s sales tax reports for its operations in any Food Service Location during the preceding fiscal year. This annual payment statement must be certified by a certified public accountant licensed in the State of Texas (ref. Section 4.3.1). The term “fiscal year” will mean University’s fiscal year, that commences September 1 and ends August 31.