Tax Exemptions definition

Tax Exemptions. Means exemptions from Companies Income Tax, Value Added Tax and Personal Income Tax respectively granted under the Companies Income Tax (Exemption of Bonds and Short-Term Government Securities) Order, 2011; the Value Added Tax (Exemption of Proceeds of the Disposal of Government and Corporate Securities) Order 2011; and the Personal Income Tax (Amendment) Xxx 0000; Federal Inland Revenue Service Guidelines on Tax Implications of Non-Interest Banking in Nigeria, 2013; and Finance Xxx 0000. Taxes: Any tax, levy, impost, duty or other charge or withholding of a similar nature (including any related penalty or interest).
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Tax Exemptions means those revenue losses attribut- able to provisions of the state tax statutes or rules promul- gated pursuant to such statutes, which allow a special ex- clusion, exemption, or deduction from gross income or sales or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.
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Tax Exemptions means [any reductions in or exemptions or relief from generally applicable tax which would have otherwise been applicable to a Contractor].]
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Examples of Tax Exemptions in a sentence

  • The Company shall annually file a statement with the State Department of Taxation and Finance (the "Commissioner") on "Annual Report of Sales and Use Tax Exemptions" (NYS Form ST-340, a copy of which is attached hereto as Exhibit D) regarding the value of Sales Tax Exemption the Company and its Subagents, if any, have claimed pursuant to the agency conferred on the Company with respect to the Project in accordance with General Municipal Law Section 874(8).

  • In accordance with tax relief agreements between the United States Government and the Spanish Government, and because the resultant contract arises from the activities of the United States Forces in Spain, the contract will be exempt from the excise, luxury, and transaction taxes listed in paragraph (b) of the clause DFARS 252.229-7005, Tax Exemptions (Spain).

  • Except for item(s) specifically identified by the vendor and accepted by the County for direct County purchase under the Sales Tax Recovery Program, contractors doing business with the County are not exempt from paying sales tax to their suppliers for materials needed to fulfill contractual obligations with the County, nor is any vendor authorized to use the County Tax Exemptions for such purchases.

  • In accordance with tax re- lief agreements between the United States Government and the Spanish Government, and because the resultant contract arises from the activities of the United States Forces in Spain, the contract will be exempt from the excise, luxury, and transaction taxes listed in paragraph (b) of the clause DFARS 252.229–7005, Tax Exemptions (Spain).

  • Except for item(s) specifically identified by the vendor and accepted by the County for direct County purchase under the Sales Tax Recovery Program, Contractors doing business with the County are not exempt from paying sales tax to their suppliers for materials to fulfill contractual obligations with the County, nor shall any contractor be authorized to use any of the County’s Tax Exemptions in securing such materials.

  • Sensitization of coronary alpha- adrenoceptor vasoconstriction in the prediabetic metabolic syndrome.

  • The City's/ Board of Water Commissioners purchase order (Vendor's Copy) will serve as the State Tax Exemptions Form.

  • Therefore, this project shall qualify for State of Alabama Sales and Use Tax Exemptions under this ACT.

  • Assd Land Value: Assd Improvement: Total Assessed Value: $7,588 $51,305 $58,893 Assessment Year: 2022 Total Tax Amount: 6031 Homeowner's Exemption: N/A Tax Year: 2022 Delinquent Year: Tax Exemptions: N/A * The Estimated Resale Value (ERV) of the property is based on an automated value obtained from a third party, assuming the property has no deferred maintenance and is very well maintained.

  • MEADOWVIEW LOT 7 N 1/2 Zoning: N/A COUNTY TAX & ASSESSMENT Assd Land Value: Assd Improvement: Total Assessed Value: $8,680 $33,710 $42,390 Assessment Year: 2022 Total Tax Amount: 1631 Homeowner's Exemption: N/A Tax Year: 2022 Delinquent Year: Tax Exemptions: N/A * The Estimated Resale Value (ERV) of the property is based on an automated value obtained from a third party, assuming the property has no deferred maintenance and is very well maintained.

Related to Tax Exemptions

  • 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 means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • 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 Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Tax-Exempt Bond means any of a series of the Schwarz Paper Building 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.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • 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.

  • New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.

  • QPAM Exemption is defined in Section 6.2(d).

  • Prior Exemption means the existing tax exemption of the Exemption Area pursuant to Section 421-a(1-15) of the Real Property Tax Law.

  • Exemptions means the exemptions from the registration and prospectus or equivalent requirements under Applicable Securities Laws;

  • INHAM Exemption is defined in Section 6.2(e).

  • Exemption-Favored Party Any of (i) Xxxxx Fargo Securities, (ii) RBSSI, (iii) any Person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Xxxxx Fargo Securities or RBSSI and (iv) any member of any underwriting syndicate or selling group of which any Person described in clauses (i), (ii) and (iii) is a manager or co-manager with respect to a Class of Certificates.

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Exemption means the exemption from real property taxation provided hereunder.

  • Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

  • Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 4329, Lot 1 on the Tax Map of the City of New York.

  • Class Exemption A class exemption granted by the U.S. Department of Labor, which provides relief from certain of the prohibited transaction provisions of ERISA and the related excise tax provisions of the Code.

  • PPPFA Regulations means the Preferential Procurement Regulations, 2017 published in terms of the PPPFA.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Investor-Based Exemption Any of Prohibited Transaction Class Exemption ("PTCE") 84-14 (for transactions by independent "qualified professional asset managers"), PTCE 91-38 (for transactions by bank collective investment funds), PTCE 90-1 (for transactions by insurance company pooled separate accounxx), XXXX 95-60 (for transactions by insurance company general accounts) or PTCE 96-23 (for transactions effected by "in-house asset managers"), or any comparable exemption available under Similar Law.

  • the 1997 Regulations means the Zebra, Pelican and Puffin Pedestrian Crossing Regulations 1997.

  • ISA Regulations means The Individual Savings Account Regulations 1998, as amended or replaced from time to time.

  • the 2007 Regulations means the Civil Enforcement of Parking Contraventions (England) General Regulations 2007;

  • Tax Regulations means the United States Treasury Regulations promulgated pursuant to sections 103 and 141 through 150 of the Code. “Yield” of

  • the 2001 Regulations means the Water Supply (Water Quality) Regulations 2001[63];