DIRECT PAY PERMITS Sample Clauses

DIRECT PAY PERMITS. ‌ Each member state shall provide for a direct pay authority that allows the holder of a direct pay permit to purchase otherwise taxable goods and services without payment of tax to the supplier at the time of purchase. The holder of the direct pay permit will make a determination of the taxability and then report and pay the applicable tax due directly to the tax jurisdiction. Each state can set its own limits and requirements for the direct pay permit. The Governing Board shall advise member states when setting state direct pay limits and requirements, and shall consider use of the Model Direct Payment Permit Regulation as developed by the Task Force on EDI Audit and Legal Issues for Tax Administration.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
DIRECT PAY PERMITS. Each member state shall provide for a direct pay authority that allows the holder of a direct pay permit to purchase otherwise taxable goods and services without payment of tax to the supplier at the time of purchase. The holder of the direct pay permit will make a determination of the taxability and then report and pay the applicable tax due directly to the tax jurisdiction. Each state can set its own limits and requirements for the direct pay permit. The governing board shall advise member states when setting state direct pay limits and requirements and shall consider use of the model direct payment permit regulation as developed by the task force on EDI audit and legal issues for tax administration. 57-39.4-28. (327) Library of definitions. Each member state shall utilize common definitions as provided in this section. The terms defined are set out in the library of definitions, in appendix C of the agreement adopted by section 57-39.4-01. A member state shall adhere to the following principles:
Sample 1Sample 2Sample 3See All (6)
DIRECT PAY PERMITS. Effective January 1, 1998, qualified purchasers, users, and consumers of tangible personal property or enumerated services pursuant to Iowa Code chapters 422, 422B, and 423 may remit tax owed directly to the department of revenue instead of the tax being collected and remitted by the seller. A qualified purchaser, user, or consumer may not be granted or exercise this direct pay option except upon proper application to the department and only after issuance of the direct pay permit by the director of the department of revenue.
Sample 1Sample 2Sample 3
DIRECT PAY PERMITS. ‌ Each member state shall provide for a direct pay authority that allows the holder of a direct pay permit to purchase otherwise taxable goods and services without payment of tax to the supplier at the time of purchase. The holder of the direct pay permit will make a determination of the taxability and then report and pay the applicable tax due directly to the tax jurisdiction. Each state can set its own limits and requirements for the direct pay permit. The Governing Board shall advise member states when setting state direct pay limits and requirements, and shall consider use of the Model Direct Payment Permit Regulation as developed by the Task Force on EDI Audit and Legal Issues for Tax Administration. Section 327: LIBRARY OF DEFINITIONS‌ Each member state shall utilize common definitions as provided in this section. The terms defined are set out in the Library of Definitions, in Appendix C of this Agreement. A member state shall adhere to the following principles:
Sample 1Sample 2Sample 3
DIRECT PAY PERMITS. 2 Each member state shall provide for a direct pay authority that allows the holder of a direct pay 3 permit to purchase otherwise taxable goods and services without payment of tax to the supplier 4 at the time of purchase. The holder of the direct pay permit will make a determination of the 5 taxability and then report and pay the applicable tax due directly to the tax jurisdiction. Each 6 state can set its own limits and requirements for the direct pay permit. The governing board shall 7 advise member states when setting state direct pay limits and requirements, and shall consider 8 use of the Model Direct Payment Permit Regulation as developed by the Task Force on EDI 9 Audit and Legal Issues for Tax Administration. 11 Section 327: LIBRARY OF DEFINITIONS 12 Each member state shall utilize common definitions as provided in this section. The terms 13 defined are set out in the Library of Definitions, in Appendix C of this Agreement. A member 14 state shall adhere to the following principles:
Sample 1

Related to DIRECT PAY PERMITS

  • Governmental Approvals No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required in connection with the due execution, delivery and performance by any Loan Party of any Loan Document to which it is or will be a party.

  • Permits The Company has all franchises, permits, licenses and any similar authority necessary for the conduct of its business, the lack of which could reasonably be expected to have a Material Adverse Effect. The Company is not in default in any material respect under any of such franchises, permits, licenses or other similar authority.

Time is Money Join Law Insider Premium to draft better contracts faster.