Exempt Taxes definition

Exempt Taxes means those Taxes related to (i) the subchapter S corporation election, (ii) the qualified subchapter S election, (iii) any unpaid sales tax, and (iv) Built-in Gains Tax.
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Exempt Taxes means, in each case, with respect to any real property (and related personal property) Receiver Acquired Property, (a) any penalty accrued for any period prior to the Closing Date on any Tax with respect to any such Receiver Acquired Property in which the Receiver holds a fee interest that was not secured by a valid Lien against the Receiver Acquired Property in effect before the Receiver acquired an interest in such Receiver Acquired Property; (b) any Tax (including any special assessment) accrued for any period prior to the Closing Date that is not an ad valorem real property Tax, the amount of which was not fixed at the time the Receiver acquired a fee interest in such Receiver Acquired Property, regardless of the existence of any Lien purporting to secure the payment of any such Tax; and (c) any Tax (including any special assessment) accrued for any period prior to the Closing Date that is not an ad valorem real property Tax and that was not secured by a valid Lien against such Receiver Acquired Property in effect before the Receiver acquired an interest in such Receiver Acquired Property.
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Exempt Taxes has the meaning ascribed to such term in Section 5.07.
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Examples of Exempt Taxes in a sentence

  • The Fees and charges set out in the Fees Regulations and, subject to being included in the determination referred to below, the Credit Fees Regulations payable under clause 19.1 are not subject to the Goods and Services Tax as a result of the 'A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2000', Treasurer's Determination, Government Gazette 3 March 2000.

  • With the exceptions noted below, fees and charges imposed in this instrument are to be exempted from GST by the "A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2000" by the Commonwealth Treasurer under section 81-5 of the “A New Tax System (Goods and Services Tax) Act 1999” .

  • Implementing Entities, Providers, and contractors under the Compact Exempt Taxes.

  • With the exceptions noted below, fees and charges imposed in this instrument are to be exempted from GST by the "A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2000" by the Commonwealth Treasurer under section 81-5 of the A New Tax System (Goods and Services Tax) Act 1999 (Cth).

  • A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determi- nation 2000 (No. 2), made under section 81-5 of the A New Tax System (Goods and Services Tax) Act 1999.

  • Notwithstanding anything to the contrary in this Agreement, Contractor shall not bill or invoice the City, and the City shall have no duty to pay, any amount for any of these Exempt Taxes.

  • References  Community Ambulance Cover Act 2003 http://www.ambulancecover.qld.gov.au/ A Ne w Ta x System (GST) (Exempt Taxes, Fees & Charges) Determination 2010 (No. 2) ATO Private Ruling 60207 of 23 February 2006 Other Reference Material:  Advice from Office of State Revenue of 31 March 2006 CCH Q & A, Ref.

  • With the exceptions noted below, fees and charges imposed in this instrument are to be exempted from GST by the "A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2000" by the Commonwealth Treasurer under section 81-5 of the “A New Tax System (Goods and Services Tax) Act 1999 (Cth)”.

  • Exempt Taxes on Seeds and Seed Packaging Materials in Tanzania1 CASE PRESENTATION Request of Ministry of FinanceItem 1: Exempt Seed Packaging Materials from VAT, Import Duties and Excise Taxes for the following H.S. Codes: 3923.29.00, 4819.40.00, 6304.91.90, 6305.10.00, 6305.20.00, 6305.33.00,7310.29.90, 7607.19.90, 3920.10.90, 4819.20.90, 7310.10.00.Item 2: Exempt Seeds from Local Crop Produce Cess.Item 3: Designate Seeds as Exempt from VAT as an Agricultural Input.

  • Councilor Abernethy moved to approve an intergovernmental agreement with OSU- Cascades for a pilot micro transit project.


More Definitions of Exempt Taxes

Exempt Taxes means (i) any penalty accrued for any period prior to the Closing Date on any Tax with respect to any Receiver Acquired Property in which the Receiver holds a fee interest that was not secured by a valid Lien against the Receiver Acquired Property in effect before the Receiver acquired an interest in such Receiver Acquired Property, (ii) any Tax (including any special assessment) accrued for any period prior to the Closing Date that is not an ad valorum real property Tax, the amount of which was not fixed at the time the Receiver acquired a fee interest in the Receiver Acquired Property, regardless of the existence of any Lien purporting to secure the payment of any such Tax, and (iii) any Tax (including any special assessment) accrued for any period prior to the Closing Date that is not an ad valorum real property Tax and that was not secured by a valid Lien against the Receiver Acquired Property in effect before the Receiver acquired an interest in such Receiver Acquired.
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Exempt Taxes means, in each case, with respect to any real property (and related personal property) Receiver Acquired Property, (i) any penalty accrued for any period prior to the Closing Date on any Tax with respect to any such Receiver Acquired Property in which the Receiver holds a fee interest that was not secured by a valid Lien against the Receiver Acquired Property in effect before the Receiver acquired an interest in such Receiver Acquired Property,
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Exempt Taxes means New York State Real Estate Transfer Taxes imposed under Article 31 of the New York State Tax Law, the New York City Real Property Transfer Taxes imposed under Title 11, Chapter 21 of the New York City Administrative Code, the New York State and New York City Mortgage Recording Taxes imposed under Article 11 of the New York State Tax Law and Section 11-2601 et seq. of the Administrative Code of the City of New York, and any other stamp, recording or similar tax subject to the exemption provisions section 1146(c) the of Bankruptcy Code.
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Related to Exempt Taxes

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Income Taxes means any Tax that is imposed on or measured by or referred to as income, gross income, gross receipts, profits, capital stock, franchise or other similar Tax.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Non-Excluded Taxes as defined in Section 2.20(a).