Interconnection Customer Payments Not Taxable. The Interconnection Customer and Affected System Operator intend that all payments or property transfers made by Interconnection Customer to Affected System Operator for the installation of the Affected System Upgrade Facilities 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 6 contracts
Sources: Engineering, Procurement, and Construction Agreement, Engineering, Procurement, and Construction Agreement, Service Agreement
Interconnection Customer Payments Not Taxable. The Interconnection Customer and Affected System Operator intend intends that all payments or property transfers made by Interconnection Customer to Affected System Operator Customers for the installation of the Affected System Upgrade Facilities 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 2 contracts
Sources: Service Agreement, Engineering, Procurement, and Construction Agreement
Interconnection Customer Payments Not Taxable. The Interconnection Customer and Affected System Operator intend intends that all payments or property transfers made by Interconnection Customer to Affected System Operator Customers for the installation of the Affected System Upgrade Facilities 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.. Representations and Covenants. In accordance with IRS Notice 2001-82 and IRS Notice 88-129, Interconnection
Appears in 1 contract
Sources: Epc Agreement