Local sales and use taxes Clause Samples

The 'Local sales and use taxes' clause defines the responsibilities of the parties regarding the collection, payment, and reporting of sales and use taxes imposed by local jurisdictions. This clause typically specifies which party is responsible for remitting these taxes to the appropriate authorities and may outline procedures for handling tax exemptions or disputes. By clearly allocating tax obligations, the clause helps prevent misunderstandings and ensures compliance with local tax laws, thereby reducing the risk of penalties or legal issues.
Local sales and use taxes. The agreement must provide for reduction of the burdens of complying with local sales and use taxes through the following: a. Restricting variances between the state and local tax bases. b. Requiring states to administer any sales and use taxes levied by local jurisdictions within the state so that sellers collecting and remitting these taxes must not have to register or file returns with, remit funds to, or be subject to independent audits from local taxing jurisdictions. c. Restricting the frequency of changes in the local sales and use tax rates and setting effective dates for the application of local jurisdictional boundary changes to local sales and use taxes. d. Providing notice of changes in local sales and use tax rates and of changes in the boundaries of local taxing jurisdictions.
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Local sales and use taxes. The agreement must provide for reduction of the burdens of complying with local sales and use taxes through: A. Restricting variances between the state and local tax bases; [PL 2001, c. 496, §1 (NEW).] B. Requiring a state to administer any sales and use taxes levied by local jurisdictions within the state so that sellers collecting and remitting these taxes do not have to register or file returns with, remit funds to or be subject to independent audits from local taxing jurisdictions; [PL 2001, c. 496, §1 (NEW).] C. Restricting the frequency of changes in the local sales and use tax rates and setting effective dates for the application of local jurisdictional boundary changes to local sales and use taxes; and [PL 2001, c. 496, §1 (NEW).] D. Providing notice of changes in local sales and use tax rates and of changes in the boundaries of local taxing jurisdictions. [PL 2001, c. 496, §1 (NEW).] [PL 2001, c. 496, §1 (NEW).]
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Local sales and use taxes. Electronic Message Center Site Plan operator have substantial control with respect to one-time sales and use taxes payable in connection with the construction of an Electronic Message Center Site Plan and a corresponding responsibility to assure that such sales and use taxes are reported and remitted to the California State Board of Equalization (BOE) as provided by law. Each franchise, real property interest agreement or development agreement required by this policy shall include all necessary provisions and construction contract requirements, consistent with law, to ensure allocation directly to the CITY, to the maximum extent possible under the law, of the sales and use taxes payable in connection with the construction of the Electronic Message Center Site Plan including, without limitation, provisions and requirements consistent with the following, consistent with the law: (a) The OWNER of an Electronic Message Center who meets the criteria set forth in applicable BOE regulations and policies must obtain a BOE permit, or sub-permit, for the Electronic Message Center Site Plan jobsite and report and remit all such taxable sales or uses pertaining to construction of the Electronic Message Center Site Plan using the permit or sub-permit for that jobsite to the maximum extent possible under the law. (b) OWNER shall contractually require that all contractors and subcontractors whose contract with respect to the Electronic Message Center Site Plan exceeds $100,000.00 (“Major Subcontractors”) who meet the criteria set forth in applicable BOE regulations and policies must obtain a BOE permit, or sub- permit, for the Electronic Message Center Site Plan jobsite and report and remit all such taxable sales or uses pertaining to construction of the Electronic Message Center Site Plan using the permit or sub-permit for that jobsite to the maximum extent possible under the law. (c) Prior to the commencement of any grading or construction of the Electronic Message Center, OWNER shall deliver to the CITY a list that includes, as applicable and without limitation, each contractor’s and Major Subcontractor’s business name, value of contract, scope of work on the Project, procurement list for the Project, BOE account numbers and permits or sub-permits specific to the Electronic Message Center Site Plan jobsite, contact information for the individuals most knowledgeable about the Electronic Message Center Site Plan and the sales and use taxes for such Electronic Message Ce...
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Related to Local sales and use taxes

  • Sales and Use Taxes Professional Business Manager and the Practice acknowledge and agree that to the extent that any of the services to be provided by Professional Business Manager hereunder may be subject to any state sales and use taxes, Professional Business Manager may have a legal obligation to collect such taxes from the Practice and to remit the same to the appropriate tax collection authorities. The Practice agrees to have applicable state sales and use taxes attributable to the services to be provided by Professional Business Manager hereunder treated as an Office Expense.

  • Sales and Use Tax Any sales and use tax that may accrue because of this transaction must be paid when due by None Buyer Seller One-Half by Buyer and One-Half by Seller.

  • Sales Taxes (a) During the Sale Term, all sales, excise, gross receipts and other taxes attributable to sales of Merchandise, as indicated on Merchant’s point of sale equipment (other than taxes on income) payable to any taxing authority having jurisdiction (collectively, “Sales Taxes”) shall be added to the sales price of Merchandise and collected by Agent, on Merchant’s behalf, at the time of sale. All Sales Taxes shall be deposited into a segregated account designated by Merchant and Agent solely for the deposit of such Sales Taxes (the “Sales Taxes Account”). Merchant shall prepare and file all applicable reports and documents required by the applicable taxing authorities, and Merchant shall promptly pay all Sales Taxes from the Sales Taxes Account. Merchant will be given access to the computation of gross receipts for verification of all such tax collections. Provided that Agent performs its responsibilities in accordance with this Section 8.3, Merchant shall indemnify and hold harmless Agent from and against any and all costs, including, but not limited to, reasonable attorneys’ fees, assessments, fines or penalties which Agent sustains or incurs as a result or consequence of the failure by Merchant to promptly pay such taxes to the proper taxing authorities and/or the failure by Merchant to promptly file with such taxing authorities all reports and other documents required, by applicable law, to be filed with or delivered to such taxing authorities. If Agent fails to perform its responsibilities in accordance with this Section 8.3, and provided Merchant complies with its obligations hereunder, Agent shall indemnify and hold harmless Merchant from and against any and all costs, including, but not limited to, reasonable attorneys’ fees, assessments, fines or penalties which Merchant sustains or incurs as a result or consequence of the failure by Agent to collect Sales Taxes and/or the failure by Agent to promptly deliver any and all reports and other documents required to enable Merchant to file any requisite returns with such taxing authorities. (b) Without limiting the generality of Section 8.3(a) hereof, it is hereby agreed that, as Agent is conducting the Sale solely as agent for Merchant, various payments that this Agreement contemplates that one party may make to the other party (including the payment by Agent of the Guaranteed Amount) do not represent the sale of tangible personal property and, accordingly, are not subject to Sales Taxes.

  • Sales and Transfer Taxes Seller and Purchaser shall be equally responsible for the payment of all transfer, recording, documentary, stamp, sales, use (including all bulk sales Taxes) and other similar Taxes and fees (collectively, the “Transfer Taxes”), that are payable or that arise as a result of the P&A Transaction, when due. Seller shall file any Tax Return that is required to be filed in respect of Transfer Taxes described in this Section 8.3 when due, and Purchaser shall cooperate with respect thereto as necessary.

  • Payment of Sales, Use or Similar Taxes All sales, use, transfer, intangible, recordation, documentary stamp or similar Taxes or charges, of any nature whatsoever, applicable to, or resulting from, the transactions contemplated by this Agreement shall be borne by the Sellers.