Interest and penalties definition

Interest and penalties means interest and penalties accru- ing on taxes during the period of federal active duty and 6 months thereafter. In case several owners jointly own property, other than property held jointly or as marital property with the spouse of the person in federal active duty, interest and penalties means the pro-
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Interest and penalties means interest and penal- ties accruing on taxes during the period of military ser- vice and 6 months thereafter. In case several owners jointly own property, other than property held jointly or as marital property with the spouse of the person in mili- tary service, interest and penalties means the proportion- ate share of the total interest and penalties commensurate with the equity in the property of the person in military service.
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Interest and penalties means interest and penal- ties accruing on taxes during the period of military ser- vice federal active duty and 6 months thereafter. In case several owners jointly own property, other than property held jointly or as marital property with the spouse of the person in military service federal active duty, interest and penalties means the proportionate share of the total inter- est and penalties commensurate with the equity in the property of the person in military service federal active duty.
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Examples of Interest and penalties in a sentence

  • Interest and penalties in the event of default, as provided above, are explicitly authorized by Section 399.014(d) of the PACE Act.

  • Interest and penalties on tax liabilities are provided for in the tax charge.

  • Interest and penalties pertaining to restitution, however, are not applicable for offenses completed prior to April 24, 1996.

  • Interest and penalties pertaining to restitution , however, are not applicable for offenses completed prior to April 24, 1996.

  • Interest and penalties pertaining to restitution, however, are not applicable for offenses completed before April 24, 1996.

  • Interest and penalties collected shall be paid into the contingent fund.

  • Interest and penalties associated with the Company’s tax positions are recorded as Interest Expense.

  • Interest and penalties related to unrecognised tax benefits are recorded in income tax expense.

  • Interest and penalties at the rate as set forth in the County Code for overdue property taxes per month shall be charged and collected by the County on all amounts remaining unpaid thirty (30) days after the due date.

  • Interest and penalties will continue to accrue on unpaid balances.


More Definitions of Interest and penalties

Interest and penalties. Any interest and/or penalty not specifically allocated to a Present Subsidiary by the IRS may be allocated to a present Subsidiary upon such basis as Enron deems just and proper after consulting with PGE's management and tax personnel and in view of all applicable circumstances.
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Interest and penalties means interest and penalties accruing on taxes
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Related to Interest and penalties

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Canadian Obligations means all Obligations of the Canadian Loan Parties.

  • U.S. Obligations means securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are (i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged, and (ii) not subject to prepayment, call or early redemption.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.