Common use of Tax Remittances Clause in Contracts

Tax Remittances. In the event that a state debits the bank account of a Contractor more than once for the same tax payment, the Contractor will be allowed to pursue corrective action with the Contractor’s bank to issue an effective stop payment on the duplicate payment, subject to bank National Automated Clearing House Association and other related banking rules. If the Contractor provides prior notice to the state of its intent to pursue such corrective stop payment action, as well as can provide documentation of the duplicate payment, no state will hold a Contractor liable, or issue any fines or penalties, on account of the stopped payment. All parties understand that due to strict banking rules, such prior notice may be provided the same day as the initiation of the stop payment action. In order to assure timely notification, the states will provide the Contractor through the Governing Board’s Testing Central (see SSTGB Rule 501.8) with a current list of the appropriate primary and back-up contacts for the Contractor to notify in the event of a duplicate debit or similar payment issue.

Tax Remittances. In the event that a state debits the bank account of a Contractor more than once for the same tax payment, the Contractor will be allowed to pursue corrective action with the Contractor’s bank to issue an effective stop payment on the duplicate payment, subject to bank National Automated Clearing House Association and other related banking rules. If Provided thatIf the Contractor provides prior notice to the state of its intent to pursue such corrective stop payment action, as well as can provide documentation of the duplicate payment, no state will hold a Contractor liable, or issue any fines or andor penalties, on account of the stopped payment. All parties understand that due to strict banking rules, such prior notice may be provided the same day as the initiation of the stop payment action. In order to assure timely notification, the states will provide the Contractor through the Governing Board’s Testing Central (see SSTGB Rule 501.8) with a current list of the appropriate primary and back-up contacts for the Contractor to notify in the event of a duplicate debit or similar payment issue.