Use Tax Receipts definition

Use Tax Receipts means the City’s net receipts from the State of Texas from the collection of one percent (1%) general City use tax imposed by the City pursuant to Chapter 321 of the Texas Tax Code, attributed to the collection of use tax by Company associated with the issuance of Company’s Texas Direct Payment for Taxable Items used or consumed in the City.

Use Tax Receipts means the County’s receipts from the State from the collection of the Use Tax attributed to the issuance of Builder’s Texas Direct Payment for Taxable Items used or consumed in the CAD.

Examples of Use Tax Receipts in a sentence

• The Grant will never include any monies the Company pays or owes to the State of Texas for any penalties for late payments, failures to report in a timely manner, and the like, related to the Use Tax Receipts.

• The law provided that half of the proceeds from the4% tax will be deposited in the Use Tax Receipts Fund and one-half of the proceeds of the tax will be deposited in the Education Excise Tax Fund before these amounts are transferred to the state General Fund.

• In the event the Company files an amended use tax return, or report, or if additional use tax is due and owing, as a result of an audit conducted by the State of Texas that increases the Use Tax Receipts for a previous period covered within the term of this agreement, the Grant payment for the Grant Period immediately following such State approved amendment shall be adjusted accordingly, provided the Grantor must have received the Use Tax Receipts attributed to such adjustment.

• During the term of this Agreement, the Company shall within thirty (30) days after the end of each Grant Period, provide the Grantor with a Use Tax Certificate relating to Use Tax Receipts paid during the Grant Period.

• Further assume that the Use Tax Receipts for the first Grant Period equal Five Thousand Dollars ($5,000.00), then the amount of the first Grant would be Four Thousand Dollars ($4,000.00).

• The Grantor shall have no duty to calculate the Use Tax Receipts or determine Company’s entitlement to any Grant for a Grant Period, or pay any Grant during the term of this Agreement until such time as Company has provided the Grantor a Use Tax Certificate for such Grant Period and the Grantor has received the actual Use Tax Receipts from the State of Texas attributable to such calendar months within the Grant Period.

• During the term of this Agreement, the Company shall within thirty (30) days after the end of each Grant Period, provide the City with a Use Tax Certificate relating to Use Tax Receipts paid during the Grant Period.

• The law provided that half of the proceeds from the 4% tax will be deposited in the Use Tax Receipts Fund and one-half of the proceeds of the tax will be deposited in the Education Excise Tax Fund before these amounts are transferred to the state General Fund.

• Accordingly, when conducting fair lending examinations, examiners analyze such additional infor- mation before reaching a determination regarding an institution’s compliance with fair lending laws.

• The City shall have no duty to calculate the Use Tax Receipts or determine Company’s entitlement to any Grant for a Grant Period, or pay any Grant during the term of this Agreement until such time as Company has provided the City a Use Tax Certificate for such Grant Period and the City has received the actual Use Tax Receipts from the State of Texas attributable to such calendar months within the Grant Period.