Tax exempt organizations. If the client is tax-exempt, a copy of the tax-exempt certificate must be provided to The Club at the time this Agreement is signed. In the event that the State Controller or other controlling government authority determines that this function does not qualify for an exemption or the client is not tax-exempt, the client shall be responsible to pay all applicable taxes and shall hold the Club harmless for such taxes or other costs regarding the same.
Tax exempt organizations. To fund the activities of any organization exempt from taxation under IRC§501(c) or similar organization in any foreign country.
Tax exempt organizations. In general, HUD does not require that a recipient, including a faith- based organization, obtain tax-exempt status under section 501(c)(3) of the Internal Revenue Code to be eligible for funding under HUD programs. Many grant programs, however, do require an organization to be a nonprofit organization in order to be eligible for funding. Notices of funding availability that require organizations to have nonprofit status will specifically so indicate in the eligibility section of the notice of funding availability. In addition, if any notice of funding availability requires an organization to maintain tax-exempt status, it will expressly state the statutory authority for requiring such status. Applicants should consult with the appropriate HUD program office to determine the scope of any applicable requirements. In HUD programs in which an applicant must show that it is a nonprofit organization but this is not statutorily defined, the applicant may do so by any of the following means:
(1) Proof that the Internal Revenue Service currently recognizes the applicant as an organization to which contributions are tax deductible under section 501(c)(3) of the Internal Revenue Code;
(2) A statement from a State or other governmental taxing body or the State secretary of State certifying that—
(i) The organization is a nonprofit organization operating within the State; and
(ii) No part of its net earnings may benefit any private shareholder or individual;
(3) A certified copy of the applicant's certificate of incorporation or similar document that clearly establishes the nonprofit status of the applicant;
(4) Any item described in paragraphs (l)(1) through (3) of this section, if that item applies to a State or national parent organization, together with a statement by the State or parent organization that the applicant is a local nonprofit affiliate; or
(5) For an entity that holds a sincerely held religious belief that it cannot apply for a determination as an entity that is tax-exempt under section 501(c)(3) of the Internal Revenue Code, evidence sufficient to establish that the entity would otherwise qualify as a nonprofit organization under paragraphs (l)(1) through (4) of this section.
Tax exempt organizations. In general, HUD does not require that a recipient, including a faith- based organization, obtain tax-exempt status under section 501(c)(3) of the Internal Revenue Code to be eligible for funding under HUD programs. Many grant programs, however, do require an organization to be a nonprofit organization in order to be eligible for funding. Notices of funding availability that require organizations to have nonprofit status will specifically so indicate in the eligibility section of the notice of funding availability. In addition, if any notice of funding availability requires an organization to maintain tax-exempt status, it will expressly state the statutory authority for requiring such status. Applicants should consult with the appropriate HUD program office to determine the scope of any applicable requirements. In HUD programs in which an applicant must show that it is a nonprofit organization but this is not statutorily defined, the applicant may do so by any of the following means:
(1) Proof that the Internal Revenue Service currently recognizes the applicant as an organization to which contributions are tax deductible under section 501(c)(3) of the Internal Revenue Code;
(2) A statement from a State or other governmental taxing body or the State secretary of State certifying that—
(i) The organization is a nonprofit organization operating within the State; and
(ii) No part of its net earnings may benefit any private shareholder or individual;
Tax exempt organizations. The Developer, without the prior written consent of the City, shall not, until all Reimbursable Redevelopment Project Costs have been paid (including TIF Obligations issued to finance such Reimbursable Redevelopment Project Costs), sell all or any portion of the Property to an organization exempt from payment of ad valorem property taxes, unless such organization agrees to pay to the City, for deposit into the Special Allocation Fund, payments in lieu of taxes equal to the ad valorem real property taxes that would be due on such portion of the Property, but for the organization’s exempt status. Any organization that is or may become exempt from payment of ad valorem property taxes shall, by its purchase of a portion of the Property and for each year that it is exempt from paying ad valorem property taxes on such portion of the Property, agree to pay to the City, for deposit into the Special Allocation Fund, payments in lieu of taxes equal to the ad valorem real property taxes that would be due on such portion of the Property, but for the organization’s exempt status. This obligation to make payments in lieu of taxes shall terminate upon the retirement of all TIF Obligations. This requirement shall be a covenant running with the land and shall be enforceable for such period as if such purchaser or other transferee or possessor thereof were originally a party to and bound by this Agreement.
Tax exempt organizations. (1) The Developer, without the prior written consent of the City, shall not, until all Reimbursable Redevelopment Project Costs have been paid (including TIF Obligations issued to finance such Reimbursable Redevelopment Project Costs and Subordinate TIF Obligations), sell more than one (1) acre, individually or in the aggregate, of the D3 Property to an organization exempt from payment of ad valorem property taxes, unless such organization agrees to pay to the City, for deposit into the Special Allocation Fund, payments in lieu of taxes equal to the ad valorem real property taxes that would be due on such portion of the D3 Property, but for the organization’s exempt status. Any organization that is or may become exempt from payment of ad valorem property taxes shall, by its purchase of a portion of the D3 Property and for each year that it is exempt from paying ad valorem property taxes on such portion of the D3 Property, agree to pay to the City, for deposit into the Special Allocation Fund, payments in lieu of taxes equal to the ad valorem real property taxes that would be due on such portion of the D3 Property, but for the organization’s exempt status. This obligation to make payments in lieu of taxes shall terminate upon the retirement of all TIF Obligations and Subordinate TIF Obligations. This requirement shall be a covenant running with the land and shall be enforceable for such period as if such purchaser or other transferee or possessor thereof were originally a party to and bound by this Agreement. The Developer shall record a deed restriction, in form acceptable to the City Attorney, evidencing the requirements of this subsection.
(2) Any sale to a nonprofit organization under Section 7.5(b) does not alter the Developer’s obligations with respect to Phase IA, Phase IB, Phase IIA, Phase IIB and Phase III.
Tax exempt organizations. If the client is tax-exempt, a copy of the tax-exempt certificate must be provided to Yankee Springs Golf Course, LLC at the time this Agreement is signed. In the event that the State Controller or other controlling government authority determines that this function does not qualify for an exemption or the client is not tax-exempt, the client shall be responsible to pay all applicable taxes and shall hold Yankee Springs Golf Course, LLC harmless for such taxes or other costs regarding the same. PAYMENT: Payment shall be due as follows: Deposits are as follows: the deposit for Yankee Springs Golf Course, LLC is $ 250.00. Deposits are due Yankee Springs Golf Course, LLC. If this Banquet Reservations Agreement is not signed and received by Yankee Springs Golf Course, LLC within ten (10) days from the date of receivership, this Banquet Reservations Agreement shall be deemed null and void and of no further force or effect. The client understands that upon the payment of the Deposit the Event Date is reserved and the Deposit is NON-REFUNDABLE. (Client Initials)
Tax exempt organizations. The Seller is an organization exempt from income taxes under Internal Revenue Code Section 501(a) or is an insurance company exempt from South Carolina taxes on income.
