Exempt Taxes definition

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 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 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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Examples of Exempt Taxes in a sentence

  • 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” .

  • To the extent that all or any portion of any challenged Assessed Exempt Taxes are reimbursed, such reimbursed amounts will be the property of the Transferor, and the Company will have no rights or interest in such amounts (and the Company will hold in trust for the Transferor, and promptly pay over to the Transferor, any such reimbursed amount that may be paid to the Company in the first instance).

  • Notwithstanding anything to the contrary set forth herein and irrespective of any Trigger Event, the Transferor will not be required to pay any Assessed Exempt Taxes sooner than thirty days after its receipt of the related Assessed Exempt Tax Notice.

  • If the Transferor determines that any Assessed Exempt Taxes do not constitute Exempt Taxes, (A) the Transferor will have no obligation to pay such Assessed Exempt Taxes and (B) the Transferor will provide notice of such determination to the Company, provided that the Transferor will have no liability for any failure to provide such notice or any obligation to pay such Assessed Exempt Taxes if it fails to provide such notice.

  • Such cooperation will include the Company granting to the Transferor the authority or other rights necessary for it to commence a formal Action in the name of the Company, or assigning to the Transferor any rights the Company may have to protest, challenge or otherwise contest any Assessed 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).

  • 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.

  • 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.

  • 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.

  • We heard that there is good interaction with the families and regular communication particularly for important issues including buying equipment, trips, and medical issues The families spoken to indicated they were happy with the move to Ferry Road and the benefit to the people living there.


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 has the meaning ascribed to such term in Section 5.07.
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Related to Exempt Taxes

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Tax or Taxes means any federal, state, provincial, local, foreign or other tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, estimated tax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, withholding tax or payroll tax), and any related fine, penalty or interest, imposed, assessed or collected by or under the authority of any governmental body, whether disputed or not.

  • 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.

  • Canadian Taxes has the meaning specified in Section 11.05.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • 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 10.13) 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.

  • Employee Taxes means all taxes, assessments, charges and other amounts whatsoever payable in respect of, and measured by the wages of, the Vendor’s employees (or subcontractors), as required by the Federal Social Security Act and all amendments thereto and/or any other applicable federal, state or local law.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • 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 which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Non-Income Taxes means any Taxes other than Income Taxes.

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

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • 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.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Excise Taxes see Section 5.1.

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