TAXES OTHER THAN INCOME Sample Clauses

TAXES OTHER THAN INCOME. 1. Ad Valorem Tax ISSUE: San Xxxxxxx estimated this expense based on a 2010 effective tax rate of 1.322% with a 2% annual escalation. DRA based its estimate on a 2010 effective tax rate of 1.314% without any escalation. In rebuttal testimony, San Xxxxxxx defended its assumption of a 2% annual escalation in the effective tax rate but applied an updated formula that reduced the 2010 effective rate to 1.182%. RESOLUTION: DRA and San Xxxxxxx agree that applying San Gabriel’s updated formula to the adopted forecast of utility plant based on the 2010 effective tax rate of 1.182% with a 1% annual escalation will provide a reasonable estimate of Ad Valorem Taxes for the Test Year. Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement Ad Valorem Tax Tax rate of 1.322% with 2% annual escalation Tax rate of 1.182% with 2% annual escalation Tax rate of 1.314% with no annual escalation 0.008% plus 2% annual escalation Tax rate of 1.182% with 1% annual escalation REFERENCES: Exhibit SG-1, Chapter 7, pp. 7-2 to 7-3; Exhibit DRA-1 (Xxxxxxxxxx), pp. 5-1 to 5-2; Exhibit SG-17 (Dell’Osa), pp. 1-2.
AutoNDA by SimpleDocs
TAXES OTHER THAN INCOME. 1. Ad Valorem Tax
TAXES OTHER THAN INCOME. 20 ISSUE: Forecasted taxes other than income are comprised of the following; 21 payroll taxes, ad valorem or property taxes, business license taxes and local franchise 22 taxes. ORA and Cal Water applied the same methodology in forecasting taxes other 23 than income with one exception. In calculating local franchise taxes, Cal Water applied 24 local franchise tax rates to total operating revenues, and ORA proposed to apply the 25 franchise tax rates to total operating revenues net of uncollectibles.
TAXES OTHER THAN INCOME. To add Annual Property Tax Expense for Xxxxxxx Road project. In service date of 2021. See Step 2 - Sch. 3d 156 To add Annual Property Tax Expense for H2 Base project. In-service date of 2021. See Step 2 - Sch. 3d 157 To add Annual Property Tax Expense for H2 Co Meditation project. In-service date of 2021. See Step 2 - Sch. 3d 158 To add Annual Property Tax Expense for Main St. PRV project. In-service date of 2021. See Step 2 - Sch. 3d 159 To add Annual Property Tax Expense for Xxxxxx Tank Mixer project. In-service date of 2021. See Step 2 - Sch. 3d 160 To add Annual Property Tax Expense for East Road Water Main project. In-service date of 2021. See Step 2 - Sch. 3d Income Taxes Combined State and Federal Income Taxes See Step 2 - Sch. 1 Attachment C Step 2 Schedule 0x XX 00-000 XXXXXXXXX XXXX XXXXX COMPANY, INC. SECOND STEP ADJUSTMENT: 2021 PROJECTS CALCULATION OF NEW CUSTOMER REVENUE 2019 Annual Report Customer Count 3,857 2020 Annual Report Customer Count - 3,994 2020 Additional Customers (137) Projected Water Sales After Permanent Rate Increase $ 2,540,482 2020 Annual Report Customer Count ÷ 3,994 Average Projected Annual Revenue per Customer $ 636 Months in a year ÷ $ 12 Average Projected Monthly Revenue per Customer $ 53 2020 Additional Customers 137 Monthly Revenue per Customer * $ 53 Additional Monthly Revenue $ 7,261 Additional Monthly Revenue $ 7,261 Months in a year * $ 12 Additional Annual Revenue $ 87,132 Additional Annual Revenue $ 87,132 Incremental Expenses - See Step 2 - Sch. 4b - $ 17,843 Pre-Tax Annual New Customer Revenue $ 69,289 Pre-Tax Annual New Customer Revenue $ 69,289 Company's Effective Tax Rate x 27.08% Income Taxes on New Customer Revenue $ 18,766 Pre-Tax Annual New Customer Revenue $ 69,289 Income Taxes on New Customer Revenue - $ 18,766 After-tax New Customer Revenue $ 50,524 $ 50,524 Attachment C Step 2 Schedule 4b HAWC Incremental Expenses to offset additional revenues associated with 2020 new customers 4.27% 12/31/19 1,967,875 55,088 38,074 73,185 2,134,222 Company 84,095 Department Metered Sales to Residential Customers Fire Protection Revenue Late Fees Other Water Revenue Total Revenue $ 3,905 $ 858 $ 3,905 $ - $ 1,526 $ 9,366 $ 7,340 $ 577 $ 7,444 $ 2,449 $ 2,443 $ 1,526 $ 4,683 $ - $ 577 $ 3,722 $ - $ - Net Depreciation & CIAC Property Taxes Other Taxes Labor on Outside Jobs Well Expenses & Water Purchased Power Purchased for Pumping Pumping Expenses Chemicals Treatment Expense (Filters) Transm & Distribution Exp (Main...

Related to TAXES OTHER THAN INCOME

  • Taxes Other Than Income Taxes Upon the timely request by Developer, and at Developer’s sole expense, Connecting Transmission Owner shall appeal, protest, seek abatement of, or otherwise contest any tax (other than federal or state income tax) asserted or assessed against Connecting Transmission Owner for which Developer may be required to reimburse Connecting Transmission Owner under the terms of this Agreement. Developer shall pay to Connecting Transmission Owner on a periodic basis, as invoiced by Connecting Transmission Owner, Connecting Transmission Owner’s documented reasonable costs of prosecuting such appeal, protest, abatement, or other contest. Developer and Connecting Transmission Owner shall cooperate in good faith with respect to any such contest. Unless the payment of such taxes is a prerequisite to an appeal or abatement or cannot be deferred, no amount shall be payable by Developer to Connecting Transmission Owner for such taxes until they are assessed by a final, non-appealable order by any court or agency of competent jurisdiction. In the event that a tax payment is withheld and ultimately due and payable after appeal, Developer will be responsible for all taxes, interest and penalties, other than penalties attributable to any delay caused by Connecting Transmission Owner.

  • Taxes and Tax Returns Each of Cascade and its Subsidiaries has duly and timely filed (taking into account all applicable extensions) all material Tax Returns that were required to be filed by it, and all such Tax Returns are true, correct and complete in all material respects. Neither Cascade nor any of its Subsidiaries is the beneficiary of any extension of time within which to file any material Tax Return (other than extensions to file Tax Returns obtained in the ordinary course of business). All material Taxes of Cascade and its Subsidiaries (whether or not shown on any Tax Returns) that are due have been fully and timely paid other than Taxes that have been reserved or accrued on the balance sheet of Cascade or its Subsidiaries or which Cascade and/or its Subsidiaries is contesting in good faith. Each of Cascade and its Subsidiaries has withheld and paid all material Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, creditor, shareholder, independent contractor or other third party. Neither Cascade nor any of its Subsidiaries has granted any extension or waiver of the limitation period applicable to any material Tax that remains in effect. The federal income Tax Returns of Cascade and its Subsidiaries for all years to and including 2007 have been examined by the IRS or are Tax Returns with respect to which the applicable period for assessment under applicable law, after giving effect to extensions or waivers, has expired. Neither Cascade nor any of its Subsidiaries has received written notice of assessment or proposed assessment in connection with any Taxes, and there are no threatened in writing or pending disputes, claims, audits, examinations or other proceedings regarding any Tax of Cascade and its Subsidiaries or the assets of Cascade and its Subsidiaries. Cascade has made available to Home true and complete copies of any private letter ruling requests, closing agreements or gain recognition agreements with respect to Taxes requested or executed in the last six (6) years. Neither Cascade nor any of its Subsidiaries is a party to or is bound by any Tax sharing, allocation or indemnification agreement or arrangement (other than such an agreement or arrangement exclusively between or among Cascade and its Subsidiaries). Neither Cascade nor any of its Subsidiaries (a) has been a member of an affiliated group filing a consolidated federal income Tax Return (other than a group the common parent of which was Cascade) or (b) has any liability for the Taxes of any person (other than Cascade or any of its Subsidiaries) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law), as a transferee or successor, by contract or otherwise. Neither Cascade nor any of its Subsidiaries has been, within the past two (2) years or otherwise as part of a “plan (or series of related transactions)” within the meaning of Section 355(e) of the Code of which the Merger is also a part, a “distributing corporation” or a “controlled corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of stock intending to qualify for tax-free treatment under Section 355 of the Code. Neither Cascade nor any of its Subsidiaries has participated in a listed transaction within the meaning of Treasury Regulation Section 1.6011-4(b)(2) (or any predecessor provision) and neither Cascade nor any of its Subsidiaries has been notified of, or to the knowledge of Cascade or its Subsidiaries has participated in, a transaction that is described as a “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b)(1). At no time during the past five (5) years has Cascade been a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code. There are no Liens for Taxes upon the assets of Cascade or any of its Subsidiaries other than Liens for current Taxes not yet due and payable. As of the date hereof, neither Cascade nor its Subsidiaries has knowledge of any conditions which exist or which may fail to exist that might prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code. No claim has ever been made by any Governmental Entity in a jurisdiction where Cascade or a Cascade Subsidiary does not file Tax Returns that Cascade or such Subsidiary is or may be subject to taxation by that jurisdiction. Neither Cascade nor any of its Subsidiaries has filed an election under Section 338(g) or 338(h)(10) of the Code. Neither Cascade nor any of its Subsidiaries has agreed, nor is it required, to make any adjustment under Section 481(a) of the Code by reason of a change in accounting method or otherwise that will affect its liability for Taxes.

  • Taxes, etc Any taxes, fees and expenses in connection with the purchase and registration under the Buyers’ flag shall be for the Buyers’ account, whereas similar charges in connection with the closing of the Sellers’ register shall be for the Sellers’ account.

  • Payment of Taxes and Other Expenses Should City, in its discretion, or a relevant taxing authority such as the Internal Revenue Service or the State Employment Development Division, or both, determine that Contractor is an employee for purposes of collection of any employment taxes, the amounts payable under this Agreement shall be reduced by amounts equal to both the employee and employer portions of the tax due (and offsetting any credits for amounts already paid by Contractor which can be applied against this liability). City shall then forward those amounts to the relevant taxing authority. Should a relevant taxing authority determine a liability for past services performed by Contractor for City, upon notification of such fact by City, Contractor shall promptly remit such amount due or arrange with City to have the amount due withheld from future payments to Contractor under this Agreement (again, offsetting any amounts already paid by Contractor which can be applied as a credit against such liability). A determination of employment status pursuant to the preceding two paragraphs shall be solely for the purposes of the particular tax in question, and for all other purposes of this Agreement, Contractor shall not be considered an employee of City. Notwithstanding the foregoing, should any court, arbitrator, or administrative authority determine that Contractor is an employee for any other purpose, then Contractor agrees to a reduction in City’s financial liability so that City’s total expenses under this Agreement are not greater than they would have been had the court, arbitrator, or administrative authority determined that Contractor was not an employee.

  • OTHER INCOME 1. Items of income of a resident of a Contracting State, wherever arising, not dealt with in the foregoing Articles of this Agreement shall be taxable only in that State.

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Independent Contractor; Payment of Taxes and Other Expenses 9.1 Consultant shall be deemed at all times to be an independent contractor and shall be wholly responsible for the manner in which Consultant performs the services required of Consultant by the terms of this Agreement. Consultant shall be liable for its acts and omissions, and those of its employees and its agents. Nothing contained herein shall be construed as creating an employment, agency or partnership relationship between City and Consultant.

  • INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Trustee] Attention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

  • Union Dues Deductions It shall be a condition of employment for all Nurses in the Bargaining Unit, that dues be deducted from their bi-weekly salary in the amount determined by the Union. The deductions for newly employed Nurses shall be in the first pay period of employment. The dues shall be submitted monthly to the Union together with a list of the Nurses from whom the deductions were made.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!