Leasehold Excise Tax definition

Leasehold Excise Tax means leasehold excise taxes imposed pursuant to SMC Chapter 5.56 or any successor provision.

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Leasehold Excise Tax means an excise tax imposed under

Leasehold Excise Tax means any tax on the estate of Tenant created by this Lease or on the Rent or, if and to the extent required by applicable law, any other sums due to Landlord pursuant to this Lease, including without limitation any assessments, taxes and leasehold excise taxes due and owing on “taxable rent” as defined in RCW Chapter 82.29A, and any subsequent revisions, supplements, and amendments thereto.

Examples of Leasehold Excise Tax in a sentence

For hangar and tie-down rentals, Tenant shall pay a security deposit equal to one month’s rent and Washington Leasehold Excise Tax.
For both hangar and tie-down rentals, Tenant shall, upon execution of this Agreement, pay to ▇▇▇▇▇▇ County one month’s rent plus Washington Leasehold Excise Tax (currently 12.84%) by the first day of each month to comply with the terms of this agreement.
The intention of the parties is the rent herein is net rental to Lessor, and Lessor shall receive the same free from all Leasehold Excise Tax and any other tax obligation.
Lessee shall timely pay to the Lessor all Leasehold Excise Tax due the State of Washington that may be imposed on, or arise in, connection with the use of the Premises, or any part thereof, during the lease term.
All lease rates will be plus Washington State Leasehold Excise Tax as established by RCW 82.29A, due and payable on or before the first day of each month, in advance, without demand.
All percentage amounts set forth in Section 4.1 shall be exclusive of any Leasehold Excise Tax due on such amounts, even if it may subsequently determined that any amount excluded from Contract Rent under this Section is, in fact, subject to Leasehold Excise Tax.
The terms and conditions of the Lease for the renewal term shall be identical with the original Lease except for rent; PROVIDED, HOWEVER, the terms and conditions shall be further subject to changes in the laws and regulations pertaining to imposition and amount of the Leasehold Excise Tax and to other laws and regulations pertaining to the leasing of public property to private entities.
The Lessee shall divide all crops grown on the Premises and deliver to State the following percentage as rent: Authorized Crops State’s Percentage State’s total Percentage, including value for Leasehold Excise Tax.
For the Tenant’s Rights In Percentage of Port Directed Cruise Fee Revenue Terminal 91 Lease Area, and Terminal 91 Parking Area Terminal 91 Preferential Use Area Pursuant to Section 4.3, the amounts associated with the Terminal 91 Lease Area and the Terminal 91 Parking Area are considered Contract Rent subject to Leasehold Excise Tax and the amounts associated with the Terminal 91 Preferential Use Area are not considered Contract Rent subject to Leasehold Excise Tax.
Pursuant to Section 4.3, this portion of the Percentage Fee is attributable to the Terminal 91 Lease Area and is subject to Leasehold Excise Tax.

More Definitions of Leasehold Excise Tax

Leasehold Excise Tax means any tax on the leasehold interest created by this Lease or on the Base Monthly Rent reserved under this Lease, including, without limitation, any leasehold excise taxes due and owing on taxable rent under RCW Chapter 82.29A, and any subsequent revision and amendments thereto. “Taxable rent” is defined by statute under RCW 82.29A.020(2), and shall include contract rent which is the amount of consideration due as payment for a leasehold interest, including the total of cash payments made to Lessor, or to any other party for the benefit of Lessor according to the requirements of this Lease or agreement, including, but not limited to, any payments paid by a sublessee; expenditures for the protection of Lessor’s interest when required by the terms of this Lease or agreement; and expenditures for improvements to the property to the extent that such improvements become the property of Lessor.