Developer Payments Not Taxable. The Developer and Connecting Transmission OwnerAffected System Operator intend that all payments or property transfers made by Developer to Connecting Transmission OwnerAffected System Operator for the installation of the Connecting Transmission Owner’s Attachment Facilities and theAffected System Upgrade Facilities and the System Deliverability Upgrades shall be non-taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.
Appears in 4 contracts
Sources: Standard Large Generator Interconnection Service Agreement, Engineering, Procurement, and Construction Agreement, Engineering, Procurement, and Construction Agreement
Developer Payments Not Taxable. The Developer and Connecting Transmission OwnerAffected Owner intendAffected System Operator intend intends that all payments or property transfers made by Developer to Connecting Transmission OwnerAffected System Operator Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and theAffected System Upgrade Facilities and the System Deliverability Upgrades shall be non-non- taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.
Appears in 1 contract
Sources: Engineering, Procurement, and Construction Agreement
Developer Payments Not Taxable. The Developer and Connecting Transmission OwnerAffected System Operator intend intends that all payments or property transfers made by Developer to Connecting Transmission OwnerAffected System Operator Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and theAffected System Upgrade Facilities and the System Deliverability Upgrades shall be non-non- taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.
Appears in 1 contract
Sources: Engineering, Procurement, and Construction Agreement
Developer Payments Not Taxable. The Developer and Connecting Transmission OwnerAffected System Operator intend intends that all payments or property transfers made by Developer to Connecting Transmission OwnerAffected System Operator Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and theAffected System Upgrade Facilities and the System Deliverability Upgrades shall be non-taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.
Appears in 1 contract
Sources: Engineering, Procurement, and Construction Agreement
Developer Payments Not Taxable. The Developer and Connecting ConnectingAffected Transmission OwnerAffected System Operator Owner intend that all payments or property transfers made by Developer to Connecting ConnectingAffected Transmission OwnerAffected System Operator Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and theAffected System Upgrade Facilities and the System Deliverability Upgrades shall be non-taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.
Appears in 1 contract