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Tax Status definition

Tax Status means the status of Bonds as Tax-Exempt Bonds or Taxable Bonds.
Tax Status means (i) the exclusion from gross income for federal income tax purposes of the interest on any Bonds issued as tax-exempt obligations, or (ii) the right of a bondowner (or other investor) to receive tax credits or the right of UAMPS to receive interest subsidy payments on any Bonds issued as tax credit bonds or interest subsidy bonds, respectively, in each case pursuant to the provisions of the Code.
Tax Status. AUL does not make any guarantee regarding the federal, state, or local tax status of the Contract, any Participant Account established thereunder, or any transaction involving the Contract.

Examples of Tax Status in a sentence

  • The Tax Status will continuously be checked on SARS on-line system during the duration of the contract.

  • SARS Correspondence to confirm Tax Status, reflecting the Investors name and Income Tax Number (An e-filing extract will not be accepted).Supporting documentation:Annexure A:1.

  • To assist the City, through its Department of Revenue and Department of Licenses and Inspections, in determining this status, each Applicant is required to complete and return with its proposal, a City of Philadelphia Tax Status and Clearance Statement Form (see Appendix B).

  • We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name in the Registration Statement and in the Prospectus under the headings "Tax Status" and "Legal Opinions".

  • Notwithstanding any other provision of law, the Tribe shall be considered an Indian tribe for the purpose of the Indian Tribal Gov- ernment Tax Status Act (26 U.S.C. 7871).


More Definitions of Tax Status

Tax Status means the status of Certificates as Tax-Exempt Obligations.
Tax Status in respect of each Loan Party: (i) it and each of its Subsidiaries and Affiliates: (A) has made or filed all federal and state income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject or filed extensions therefor; (B) has paid all taxes and other governmental assessments and charges shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and by appropriate proceedings; and (C) has set aside on its books provisions reasonably adequate for the payment of all taxes for all elapsed periods subsequent to the periods to which such returns, reports or declarations apply; and (ii) there are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction in respect of it or any of its Subsidiaries or Affiliates, and no officer of the Borrower knows of any basis for any such claim;
Tax Status means the status of the Bonds as Tax-Exempt Bonds or Recovery Zone Economic Develop- ment Bonds, as applicable.
Tax Status means (i) the exclusion from gross income for federal income tax purposes of the interest on any Bonds issued by the Issuer as tax exempt obligations or (ii) tax credits or interest subsidies on any Bonds issued by the Issuer as tax credit bonds or interest subsidy bonds, in each case pursuant to the provisions of the Code.
Tax Status means the status of a Series of Refunding Obligations as Tax-Exempt Obligations, Taxable Obligations or Direct Payment Obligations, as specified in the Certificate of Award for that Series.
Tax Status means the status of Certificates as Tax-Exempt Obligations. “Term Sheet” means the Term Sheet authorized in Section 4.