State or Local Tax definition

State or Local Tax. Any tax imposed by the States of New York, North Carolina and Minnesota and by any other state or local taxing authorities; provided that such states and such other state and local taxing authorities, by notice to the Trustee, assert jurisdiction over the Trust Fund or any portion thereof, or which, according to an Opinion of Counsel addressed to the Trustee, have such jurisdiction.
View Source
State or Local Tax is defined in Section 15.
View Source

Examples of State or Local Tax in a sentence

  • Consultant agrees to prepare and provide to Company documentation, information and certifications as required by the U.S. Internal Revenue Code, State, or Local Tax Regulatory authorities or agencies, as reasonably requested by Company to determine income tax withholdings, if any.

  • If the aggregate amount of the Estimated Tax Payments actually made to Parent with respect to such state or local income tax for such Taxable Period exceeds the Separate State or Local Tax of such Subsidiary for such Taxable Period, Parent shall pay to such Subsidiary, an amount equal to such excess.

  • To the extent required for financial statement purposes, the estimated State or Local Tax Liability of each Subgroup shall be calculated by TCI after the close of each calendar quarter in each taxable year, and the appropriate credits or charges made to the Intercompany Accounts.

  • Neither the Company nor ARA has been a member of an Affiliated Group filing a consolidated federal or a combined or unitary State or Local Tax Return (other than a group the common parent of which was the Company or Certified Holding Corporation, a Delaware corporation).

  • If the Subsidiary Group or a subgroup thereof Estimated Tax Payments with respect to state or local income tax for such period exceed the Subsidiary Group or the subgroup thereof State or Local Tax for such period, Parent shall pay to Corning Consumer Products Company or the highest tier member (other than Parent) included in the tax return an amount equal to such excess.

  • For purposes of this Section D.3., the final State or Local Tax Liability for the 1997 taxable year shall equal only that portion of the final State or Local Tax Liability which is attributable to the fourth quarter of the 1997 taxable year.

  • Date: / Quantity Unit of Measure Item Num- ber Description Unit Price Total Authorized Signature: Date: Plus State or Local Tax on total order (where applicable) Total Due Amount Enclosed (Check or Money Order) Tax Exempt Form Enclosed Yes No Terms: All prices are F.O.B. shipping point, subject to change without notice.

  • If the aggregate amount of the Estimated Tax Payments actually made to Parent with respect to such state or local income tax for such Taxable Period exceeds the Separate State or Local Tax of such Subsidiary for such Taxable Period, Parent shall pay to such Subsidiary, an amount equal o such excess.

  • The Trustee shall elect that the Trust Estate be treated for federal income tax and, if necessary, under Applicable State or Local Tax Laws, purposes as comprising two real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the Lower Tier REMIC and the Upper Tier REMIC, respectively).

  • Date: / Quantity Unit of Measure Item Number Description Unit Price Total Authorized Signature: Date: Plus State or Local Tax on total order (where applicable) Total Due Amount Enclosed (Check or Money Order) Tax Exempt Form Enclosed Yes No Terms: All prices are F.O.B. shipping point, subject to change without notice.

Related to State or Local Tax

  • Specific local tax means a tax levied under 1974 PA 198, MCL 207.551 to 207.572, the commercial redevelopment act, 1978 PA 255, MCL 207.651 to 207.668, the technology park development act, 1984 PA 385, MCL 207.701 to 207.718, and 1953 PA 189, MCL 211.181 to 211.182. The initial assessed value or current assessed value of property subject to a specific local tax shall be the quotient of the specific local tax paid divided by the ad valorem millage rate. However, after 1993, the state tax commission shall prescribe the method for calculating the initial assessed value and current assessed value of property for which a specific local tax was paid in lieu of a property tax.

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

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

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.