Tax Deferral definition
Examples of Tax Deferral in a sentence
Safety employees shall participate in the CalPERS Retirement Tax Deferral Plan as authorized under Section 414 (h)(2) of the Internal Revenue Code.
Pre-Tax Deferral Percentage: % ▇▇▇▇ (After Tax) Deferral Percentage: % Total (Pre-Tax + ▇▇▇▇): % I am age 50 or over.
Employees shall participate in the PERS Retirement Tax Deferral Plan as authorized under Section 414 (h)(2) of the Internal Revenue Code.
Landlord shall make application with the Washington State Department of Revenue (the “State”) for the Sales Tax Deferral with respect to work to be performed and paid for by Landlord pursuant to the Amended Lease.
To the extent Tenant engages in high tech related research and development (including software and internet) Landlord will work with Tenant to apply for and receive the Washington State High Tech Tax Deferral, but shall not be obligated to incur any additional costs or risks in connection therewith.
Tenant shall cooperate with Landlord in the preparation and execution of any certificates or other documents required by the Department of Revenue to maintain the Tax Deferral, and Landlord shall be responsible for the timely and proper filling of such certificates and documents.
Tenant acknowledges that all or a portion of the Tax Deferral may be required to be paid if the use of the Premises fails or ceases to qualify for the Tax Deferral.
Landlord and Tenant hereby agree that the Base Rent assumes Landlord will receive a Tax Deferral on 42.3% of the costs of the Building shell and core.
When the State has determined the final amount of the sales tax which Landlord may defer pursuant to the Sales Tax Deferral Program, Landlord will provide Tenant with written notice of such amount.
Tenant shall have the right to contest or review on its own behalf (but not on Landlord’s behalf) any proceedings regarding the Sales Tax Deferral benefit that may be instituted, either before, during or after the Term of the Amended Lease.