Common use of Tax Clearance Clause in Contracts

Tax Clearance. Final payment under this Agreement shall be subject to Section 103-53 of the Hawaii Revised Statutes, which requires a tax clearance from the Hawaii Department of Taxation and the U.S. Internal Revenue Service, stating that all delinquent taxes, if any, levied or accrued against CONTRACTOR have been paid. A tax clearance is required on final payment for agreements of $25,000 or more. In addition to obtaining a tax clearance prior to final payment, CONTRACTOR is required to obtain a tax clearance from the Hawaii Department of Taxation and the U.S. Internal Revenue Service prior to the execution of this Agreement, if $25,000 or more.

Tax Clearance. Final payment under this Agreement shall be subject to Section 103-53 of the 53, Hawaii Revised Statutes, which requires a tax clearance from the Hawaii Department Director of Taxation Taxation, State of Hawaii, and the U.S. Internal Revenue Service, Service stating that all delinquent taxes, if any, levied or accrued against the CONTRACTOR have been paid. A tax clearance is required on final payment for agreements of $25,000 or more. In addition to obtaining a tax clearance prior to final payment, the CONTRACTOR is required to obtain a tax clearance from the Hawaii Internal Revenue Service and State Department of Taxation and the U.S. Internal Revenue Service prior to the execution of this Agreement, if contract for all agreements $25,000 or more.