Taxpayers Clause Samples
The 'Taxpayers' clause defines who is considered a taxpayer under the agreement or relevant law. It typically specifies the individuals or entities responsible for fulfilling tax obligations, such as paying income, sales, or other applicable taxes. For example, it may clarify whether the buyer, seller, or both are liable for certain taxes arising from a transaction. This clause ensures clarity regarding tax responsibilities, helping to prevent disputes and allocate tax-related risks appropriately between the parties.
Taxpayers as defined in Section 1(a).
Taxpayers. Persons subject to tax under this Title shall maintain such records as the State Tax Assessor determines necessary for the reasonable administration of this Title. Records pertaining to taxes imposed by chapters 371, 575 and 577 and by Part 8 must be retained as long as is required by applicable federal law and regulation. Records pertaining to the special fuel tax user returns filed pursuant to section 3209, subsection 2 and the International Fuel Tax Agreement pursuant to section 3209, subsection 1-B must be retained for 4 years. Records pertaining to all other taxes imposed by this Title must be retained for a period of at least 6 years. The records must be kept in such a manner as to ensure their security and accessibility for inspection by the assessor or any designated agent engaged in the administration of this Title. [ 2011, c. 380, Pt. M, §1 (AMD) .]
Taxpayers. “Taxpayers” are businesses subject to local city taxes imposed by a Principal or Subscriber, payment of which is or can be administered by the Portal.