Replacement tax definition

Replacement tax means the excise tax imposed on the generation, transmission, delivery, consumption, or use of electricity or natural gas under section 437A.4, 437A.5, 437A.6, or 437A.7.
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Replacement tax means the excise tax imposed on the delivery of water under section 437B.3.
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Replacement tax. , in any fiscal year, means the tax assessed by the authority in that year under section 25 (7.1);
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Examples of Replacement tax in a sentence

  • Replacement tax liability for purposes of this subsection means replacement tax liability before credits allowed by section 437A.8, subsection 7.

  • This payment date applies even though an automatic extension for filing your return has been granted.Estimated tax payments — If you reasonably expect your Illinois Income and Replacement tax and surcharge liability to be more than $400 for the tax year, you are required to make quarterly payments of estimated tax.

  • Once final endorsement occurs and amortization begins, regular escrow deposits to Reserve for Replacement, tax and insurance escrows are expected to continue as normal and should be funded from the operating deficit escrow if funds are not available from net operating income.

  • Other national documentations issued by Huduma centre include NSSF member registration forms, NSSF statements, NSSF card Replacement, tax compliance certificate, HELB loan application and HELB loan repayment statements (Ng’aru & Wafula, 2015).

  • Replacement tax distributions are not made every month even though it currently looks like it's ahead of budget.

  • You must attach a copy of the approved federal extension to your Form IL-990-T.When should I pay?Payment of tax — You must pay your Illinois Income and Replacement tax in full on or before the original due date of the return.

  • State Replacement tax is down 18% from last year and the late fees are down 30%.

  • The Monthly Financials were looked at and Receipt of funds related to the Personal Property Replacement tax.

  • Replacement tax on commercial real estate to replace revenue lost with the elimination of the merchants and manufacturing businesses inventory tax.

  • Replacement tax, which is a corporate tax, will not have much of a change to our tax base as we do not have a large business population.


More Definitions of Replacement tax

Replacement tax. - means the Illinois Personal Property Replacement tax due by the Company for the Pre-Closing Period.
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Related to Replacement tax

  • Excluded Tax means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient (a) Taxes imposed on or measured by net income (however denominated, and including branch profits taxes) and franchise taxes, in each case (i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) imposed on any Recipient as a result of a present or former connection between such Recipient and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than such connection arising from any such Recipient having executed, delivered, become a party to, performed its obligations or received a payment under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced, any Credit Document, or sold or assigned an interest in any Credit Document or Loan); (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a Law in effect on the date on which such Lender (i) acquires such interest in the Loan or Commitment or otherwise becomes a party to this Agreement (other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) changes its lending office, except in each case, to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office; (c) Taxes that are attributable to the failure by any Recipient to deliver the documentation required to be delivered pursuant to Section 2.20(f) or Section 2.20(g); and (d) Taxes imposed under FATCA.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Indemnified Tax means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of a Credit Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.