Board Interpretation. The Grantee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board and, where applicable, the Committee concerning any questions arising under this Agreement or the Plan.
Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the “Committee”) concerning any questions arising under this Agreement or the Plan.
Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the NewCo Board and, where applicable, the Committee, concerning any questions arising under this Agreement or the NewCo Plan.
Board Interpretation. The base jurisdiction would follow its own ad ministra- tive procedures laws regarding the revocation /suspen- sion of an IFTA license and the appeal of such action. The Articles of Agreement Sections R410.
Board Interpretation. Under the Agreement it is permissible for the carrier to be allowed to include intrastate qualified vehicle miles and reporting of intrastate operations through the IFTA return or through their own state return. If they are through IFTA, then the IFTA jurisdiction will need to m ake sure that in the audit the proper a mount of taxation is collected and distributed. If the carrier or registrant is reporting intrastate miles traveled by qualified vehicles on the IFTA tax return, the intrastate miles and fuel m ust be included in the IFTA calculation for miles per gallon. If the carrier or registrant is not reporting intrastate miles or fuel, they cannot include miles and fuel in the calculation for miles per gallon. See commentary at IFTA Articles of Agreement Section R130 regarding a mendments to accommodate jurisdictions outside of the United States .
Board Interpretation. The IFTA Articles of Agreement do not require a specific method of interest calculation on an audit. Both the “majority” method and “minority” method are acceptable. R1240 Collection Procedures .100 The collection of tax, penalty and interest owed to all member jurisdictions is the responsibility of the base jurisdiction, except as noted in IFTA Procedures Manual Sections P1000 and P1120.300. .200 Methods of collection will be governed by the laws of the base jurisdiction and by this Agreement. .300 In accordance with the jurisdiction’s law, a base jurisdiction may use lien provisions to collect on taxes delinquent for a period of over 30 days. Such provisions shall include appropriate notice and due process requirements. IFTA Ballot 11-1996 a mended IFTA Articles of Agree- ment Section R1240.300 to specifically state how audit interest m ust be calculated effective July 1, 1998. See commentary at IFTA Articles of Agreement Section R1230 regarding collection of interest for all jurisdictions. R1250 Waiver of Penalties and Interest .100 The base jurisdiction commissioner may waive penalties authorized by this Article for reasonable cause. If a licensee can demonstrate a return was filed late because of misinformation given to the carrier by the base jurisdiction, the interest may be waived for the base jurisdiction if the jurisdiction’s statutes allow such a waiver. To waive interest for another jurisdiction, the base jurisdiction must receive written approval from the other jurisdiction. .200 Licensees against whom a penalty has been levied may file an appeal pursuant to Article R1400. IFTA Ballot 12-92 a mended IFTA Articles of Agreement Section R1250 to allow jurisdictions to waive interest if statutory authority is present, effective January 1, 1993. R1260 Revocation of License If a tax delinquency has not been satisfied, or the licensee has not filed a written appeal within a 30-day period from the notification of delinquency, a notice of revocation will be sent by certified mail advising the licensee of the immediate revocation of the fuel tax license.
Board Interpretation. For a jurisdiction implementing on a date other than January 1, an average of 3% per year to equate to the required audits of 15% of a jurisdiction’s licensees in a 5-year period, will be proportionally reduced to equate to the nu m ber of months in IFTA that year. The requirement will be based on the full calendar year for each year after implementation. .200 Submit to a program compliance review to determine compliance with the Agreement. Such review shall be performed after one year of implementation and once every four years thereafter unless a review is ordered as prescribed by his Agreement; and IFTA Ballot 4-1995 a mended IFTA Articles of Agree- ment Section R1510.200 to change terminology from “operations review” to “progra m compliance review” and to m ake other changes consistent with a long- range progra m compliance package ratified by the mem bership at the 1995 Annual Business Meeting and was effective January 1, 1996. .300 Submit an annual report to the repository as specified in the Procedures Manual. Ballot 90-312-1 a mended the Articles of Agreement to provide for the establishment of the International Fuel Tax. R1515 Adopting Resolution The adopting resolution shall contain statements relating to the conditions for membership into the Agreement and shall include the following: .100 A copy of the enabling statute authorizing the jurisdiction to enter into and abide by the obligations of the Agree- ment; .200 A statement of taxable fuels and tax rates for these fuels; and .300 A statement as to the number of: .005 Prospective licensees based in the jurisdiction; .010 Audit personnel who will be dedicated to auditing under this Agreement; and .015 Supervisory and clerical personnel who will be dedicated to receipting, processing, and disbursing funds received under the provisions of the Agreement. See commentary at IFTA Articles of Agreement Section R1505 regarding the establishment of the International Fuel Tax Association. R1520 Approval of Adopting Resolution Ballots shall be mailed by the repository to all member jurisdictions via certified mail, return receipt requested. Entry shall be granted to the applicant unless more than one negative vote is received. Failure of a jurisdiction to submit its vote on the ballot within 120 days of receipt shall be considered a vote for approval of the application. R1525 Membership Effective Date Membership shall become effective upon approval by the member jurisdictions and the payment of the requir...
Board Interpretation. A jurisdiction m ay trans mit funds separately from the trans mittal report. If a jurisdiction chooses to trans mit funds separately from the trans mittal report, the date of the trans- mission of funds is the date that will be used in a Progra m Compliance Review to determine timely trans mittal.
