Tax-exempt Status definition

Tax-exempt Status means the exclusion of interest on Tax-exempt Bonds from the gross income of the recipient thereof for federal income tax purposes.
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Tax-exempt Status and “Exempt” means exempt under §501(c)(4) of the Internal Revenue Code.
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Tax-exempt Status. XXXXXX County is exempt from state and local sales and use taxes under Section 151.309 of the Texas Tax Code. This Contract is deemed a separate contract for Texas tax purposes, and as such, the County hereby issues its Texas Exemption for the purchase of any items qualifying for exemption under this agreement. Vendor is to issue its Texas Resale Certificate to contractors and subcontractors for such items qualifying for this exemption, and further, vendor should state these items at cost.
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Examples of Tax-exempt Status in a sentence

  • Permanent Retention: Annual Reports to Secretary of State/Attorney General, Articles of Incorporation, By-laws, Board Meeting and Board Committee Minutes, IRS Application for Tax-exempt Status (Form 1023), IRS Determination Letter, State Sales Tax Exemption Letter.

  • Tax-exempt Status The entity has been classified as a publicly supported organization that is not a private foundation under Section 509(a) of the Internal Revenue Code and is exempt from federal income tax under Section 501(c) (3).

  • Tax-exempt Status The Housing Development is a not-for-profit organization that is exempt from income taxes under Section 501(c) (3) of the Internal Revenue Service Code and classified by the Internal Revenue Service as other than a private foundation.

  • Such notice will include Name of Project, Number of Units, Location of Project, For-profit or Non-profit status, and, if applicable, Intent to Request Tax-exempt Status for the project.

  • Use of Government Land Tax-exempt Status for Certain Infrastructure Section 196.199, F.S., generally exempts all property of the state that is used for governmental purposes from ad valorem taxation.

  • Fisher, Tax-exemption and The Heath Care Industry: Are the Challenges To Tax-exempt Status Justified?, 49 VAND.L. REV.

  • To decide which application form is needed for your organization, refer to Publication 557 - Tax-exempt Status for Your Organization.You can get Publication 557 or applications for exempt status from the IRS Forms Distribution Center for your state or by calling 1-800-TAX-FORM.

  • BACKGROUND .01 Charitable Contributions Eligible for Deductions .02 Organizations That Cease to Qualify as Organizations Described in § 170(c) .03 Regulatory Provisions for Reliance .04 Provision of § 501(p) - Suspension of Tax-exempt Status of Organizations Designated as Terrorist Organizations .05 Prior Reliance Revenue Procedures .06 Reliance Revenue Procedure Combined with Safe Harbor Revenue Procedures into One Revenue Procedure SECTION 3.

  • Tax-exempt Status The Housing Authority is a not-for-profit organization that is exempt from income taxes under Section 501I (3) of the Internal Revenue Service Code and classified by the Internal Revenue Service as other than a private foundation.

  • Such notice must include Name of Project, Number of Units, Location of Project, For-profit or Non-profit status, and, if applicable, Intent to Request Tax-exempt Status for the project.


More Definitions of Tax-exempt Status

Tax-exempt Status. As an agency of the State of Texas, TAMU-CC is tax exempt. Tax exemption certification will be furnished upon request.
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Tax-exempt Status. As an agency of the State of Texas, A&M-Commerce is tax exempt in the State of Texas. Tax exemption certification will be furnished upon request.
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Tax-exempt Status. The "City" is exempt from the Federal Excise and Transportation Tax, and the limited Sales and Use Tax. Unless the "City" of Houston Bid Form or specifications specifically indicates otherwise, the price bid must be net exclusive of above-mentioned taxes. A "vendor" desiring refunds of, or exemptions from taxes paid on the item(s) accepted by the "City", must submit the proper forms, and the City of Houston Purchasing Agent, if satisfied as to the facts, and will issue the necessary certificate.
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Tax-exempt Status means the association is exempt from federal income taxes as
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Related to Tax-exempt Status

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Tax-Exempt Bond means any of a series of the World’s Foremost Bank Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Tax-Exempt Bonds means Bonds of a Series the interest on which, in the opinion of Bond Counsel on the date of original issuance thereof, is excludable from gross income for federal income tax purposes.

  • Change in Status means any of the events described below, as well as any other events included under subsequent changes to Code section 125 or regulations issued thereunder, which the Plan Administrator, in its sole discretion and on a uniform and consistent basis, determines are permitted under IRS regulations and under this Plan:

  • REIT Status means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under the provisions of Sections 856 et seq. of the Code and (b) the applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code.

  • Health status-related factor means any of the following factors:

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Status means Level I Status, Level II Status, Level III Status, Level IV Status, Level V Status or Level VI Status.

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.