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 penalties accru- ing on taxes during the period of military service 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, interest and penalties means the pro- portionate 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 penalties accruing on taxes
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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 imposed with regard to taxes shall be borne by the same party who bears the responsibility for remitting the tax.

  • Interest and penalties should be prorated between the Parties based on a ratio of each Party’s overall liability for Non-Income Taxes over the total liability for Non-Income Taxes for each specific Audit.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by or to (in the case of interest accruing with respect to a refund) each Group Member, in proportion to the increase or decrease in such Group Member's separate return tax liability computed under Section A of this Article I.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by each AFFILIATE to EUA in proportion to the increase in such AFFILIATE'S separate return tax liability computed under Section A of this Agreement that is required to be paid to EUA.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by or to (in the case of interest accruing with respect to a refund) each Member included in the consolidated, combined or unitary return in proportion to the increase or decrease, as the case may be, in such Member's share of the consolidated, combined or unitary business profits tax liability as determined in accordance with this Article II.

  • Interest and penalties, if any, shall be computed to a date occurring one (1) business day after the Closing Date.

  • Interest and penalties related to income tax matters, if applicable, will be recognized as income tax expense.

  • Deficiency Total Disputes in the Sample Population Total in the Sample Number of Deficiencies Found % of Compliance Interest and penalties not paid or paid incorrectly.

  • Interest and penalties on any late payments will be paid as required of Health Plan by law.


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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Related to Interest and penalties

  • PAGA Penalties means the total amount of PAGA civil penalties to be paid from the Gross Settlement Amount, allocated seventy-five percent (75%) to the LWDA and the twenty-five percent (25%) to the Aggrieved Employees in settlement of PAGA claims.

  • Published Penalties means any additional published cancellation penalties levied by Your travel agency or Travel Supplier that apply to all clients of the travel agency or Travel Supplier and can be documented at time of Your purchase of Travel Arrangements from Your travel agency. The maximum amount reimbursable for travel agency published penalties is 25% of the total trip cost excluding taxes and other non-commissionable items.

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Administrative Claims means Claims that have been timely filed before the Administrative Claim Bar Date (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b) or 1114(e)(2) of the Bankruptcy Code, including, without limitation: (a) the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estate and operating the business of the Debtor (such as wages, salaries or commissions for services and payments for goods and other services and leased premises); and (b) all fees and charges assessed against the Estate under chapter 123 of title 28 United States Code, 28 U.S.C. §§ 1911-1930, but excluding Professional Fee Claims.

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.