Occupation tax definition

Occupation tax means a tax levied on persons, partnerships, corporations or other entities for engaging in an occupation, trade, profession or business for revenue raising or income producing purposes.
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Occupation tax means a tax levied on persons, partnerships, corporations or other entities for engaging in an occupation, profession or business for revenue purposes.
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Occupation tax means a tax levied on persons, partnerships, corporations, or other entities for engaging in an occupation, profession or business and enacted by the City of for the purpose of raising revenue.
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Examples of Occupation tax in a sentence

  • It is Supplier's obligation to include City of Tacoma Business and Occupation tax in the unit and/or lump sum prices submitted; it shall not be shown separately on the submittal.

  • Washington State Insurance Premium TaxInsurance premiums are exempt from the Business & Occupation tax and are subject to an insurance premium tax instead.

  • The Legislature imposed the occupation tax in 1921 at a rate of 6 percent of the value of all ores mined or produced in Minnesota.15 The Minnesota Constitution and statutes specify that the tax applies to any person engaged in the business of mining or producing iron ore or other ores, metals, or minerals in the state.16 Occupation tax revenues are primarily distributed statewide.

  • All mining companies, ferrous or non‐ferrous, are subject to the Minnesota Occupation tax.

  • Before Work is started, the Engineer may require the Contractor to obtain multiple quotations for the rental of equipment to be utilized and select the Vendor with prices and terms most advantageous to the Contracting Agency.The Contracting Agency will add 15 percent to equipment costs to cover project overhead, general company overhead, profit, bonding, insurance, required by Sections 1-07.10 and 1.07.18, Business & Occupation tax, and any other costs incurred.

  • As noted above, in a well-connected region like the Bay Area, some workers in other cities also regularly seek to live in San Francisco, just as workers in San Francisco seek to live in other cities.

  • A letter is received from the State Tax Commission in reference to the new Buisness and Occupation tax.

  • The WEIA is capitalized from a surcharge on the Business and Occupation tax paid by businesses.

  • Instead, it has a Business and Occupation tax (B&O tax) on the gross receipts of a business.

  • The district is exempt from Federal tax and Illinois Retailers’ Occupation tax.


More Definitions of Occupation tax

Occupation tax means a tax levied on persons, partnerships, corporations, or other
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Related to Occupation tax

  • non-taxable territory means the territory which is outside the taxable territory;

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • criminal tax matters means tax matters involving intentional conduct whether before or after the entry into force of this Agreement which is liable to prosecution under the criminal laws of the requesting Party;

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

  • 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.

  • Employment Taxes means all fees, Taxes, social insurance payments or similar contributions to a fund of a Governmental Authority with respect to wages or other compensation of an employee or other service provider.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • 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.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • 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.

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

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated February 21, 2006 as supplemented by the prospectus supplement dated February 23, 2006, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Employment Tax means any Tax the liability or responsibility for which is allocated pursuant to the Employee Matters Agreement.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Canadian Taxes has the meaning specified in Section 11.05.

  • 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.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • taxable territory means the territory to which the provisions of this Act apply;

  • 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.

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

  • 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.