Local Tax Returns definition

Local Tax Returns means any state or local Tax Returns related to the Purchased Publications which prior to the Closing Date were prepared and filed by employees of the Sellers, other than NYT, or the Purchased Publications. For the avoidance of doubt, Local Tax Returns shall not include any state or federal Tax Returns for Income Taxes.
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Local Tax Returns means any state or local Tax Returns related to the Purchased Assets which prior to the Closing Date were prepared and filed by or on behalf of the Seller. For the avoidance of doubt, Local Tax Returns shall not include any state or federal Tax Returns for Income Taxes.
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Examples of Local Tax Returns in a sentence

  • Such Local Tax Returns will be prepared consistent with prior practice.

  • Except as otherwise provided in this Agreement, each Company and its Affiliates shall bear their own expenses incurred in connection with preparation of any Combined US State and Local Tax Returns, Tax Contests, and other matters related to Taxes under the provisions of this Agreement.

  • The Parties shall cooperate in good faith to make such determination as soon as reasonably practicable so as to allow each Party sufficient time to prepare Combined US State and Local Tax Returns on such basis.

  • Each Company shall provide to the other Company information and documents relating to its Group required by the other Company to prepare any Combined US State and Local Tax Returns.

  • Each year the Parties shall assess whether the filing of any Combined US State and Local Tax Returns is required in one or more jurisdictions based on information available to them with respect to the overlapping ownership thereof with respect to all or a portion of the prior taxable year.

  • State or local taxes will be calculated for such period in accordance with the Tax Sharing Agreement with regard to the allocation of state and local tax liabilities where combined, consolidated or unitary State and Local Tax Returns are filed.

  • After the Closing Date, the Purchaser shall control on the Sellers’ behalf any tax audits with respect to Local Tax Returns filed by the Purchaser after the Closing Date, and will cooperate with the applicable Taxing Authority to reach a resolution of any such audit.

  • The Sellers will reimburse the Purchaser for any Taxes shown due on such returns to the extent that such Taxes are not Assumed Liabilities under Section 2.3 and Section 2.4. Prior to filing any Local Tax Returns in accordance with this Section 6.9(d), the Purchaser will provide the Sellers a copy of any such returns for their review and comment, which comments shall be incorporated into such Local Tax Returns prior to filing.

  • The Seller will reimburse the Buyer for any Taxes shown due on such returns to the extent that such Taxes are not Assumed Liabilities under Section 2.3 and Section 2.4. Prior to filing any Local Tax Returns in accordance with this Section 6.4(d), the Buyer will provide the Seller with copies of any such returns for their review and comment, which comments shall be incorporated into such Local Tax Returns prior to filing.

  • The Seller shall duly prepare or cause to be prepared, and file or cause to be filed, on a timely basis, all Federal, State and Local Tax Returns for the Acquired Entity for any period ending on or before Closing.

Related to Local Tax Returns

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Tax Returns means any and all reports, returns, declarations, claims for refund, elections, disclosures, estimates, information reports or returns or statements required to be supplied to a taxing authority in connection with Taxes, including any schedule or attachment thereto or amendment thereof.

  • Income Tax Return means any Tax Return relating to Income Taxes.

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

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.