Common use of Taxable Possessory Interest Clause in Contracts

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory possessor interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s 's interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code Section 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s 's interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory possessor interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s 's interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Section 107.6 Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code §107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University maintains that this License Agreement does not create for Licensee a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code Subsection 107.6, Licensee is hereby notified that a taxing authority may take a contrary view and assert a possessory interest subject to property taxation has been created. In such case, the property interest may assess Licensee be subject to property taxation if created, and that the party in whom the possessory interest is vested may be subject to the payment of property taxes based levied on Licensee’s interest in this License Agreementthe interest.

Taxable Possessory Interest. It is the position of the University that this License Agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code 107.6, Primary Licensee is hereby notified that a taxing authority may take a contrary view and may assess Primary Licensee property taxes based on Primary Licensee’s interest in this License Agreement.

Taxable Possessory Interest. It is the position of the University university that this License Agreement license agreement does not create a taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code 107.6S107.6, Licensee licensee is hereby notified that a taxing authority authori- ty may take a contrary view and may assess Licensee licensee property taxes based on Licenseelicensee’s interest in this License Agreementlicense agreement.