Interpretations issued Clause Samples
The 'Interpretations issued' clause defines how official interpretations or clarifications of the contract are to be handled. Typically, it specifies which party or authority has the power to issue binding interpretations and outlines the process by which these interpretations are communicated to the parties involved. This clause ensures that any ambiguities or uncertainties in the contract language can be resolved efficiently, thereby reducing the risk of disputes and promoting consistent understanding of contractual obligations.
Interpretations issued. The Governing Board issued interpretations 2006-01 related to whether amnesty is available if tax was collected but not remitted and 2006-02 related to when a Model 1 or Model 2 seller is considered registered under the Agreement on April 18, 2006.
Interpretations issued. (a) The Governing Board issued Interpretation 2006-03 on April 18, 2006 relating to the
(b) The Governing Board issued Interpretation 2007-02 on September 20, 2007 relating to the sourcing of sales
5 A. A member state that has local jurisdictions that levy or receive sales or use taxes may elect to 6 source the retail sale of tangible personal property and digital goods pursuant to the 7 provisions of this section in lieu of the provisions of subsection A (2), (3) and (4) of Section 8 310 if they comply with all provisions of subsection (C) of this section and the only 9 exception to Section 310 is the exception provided for in subsection (B) of this section.
10 B. A member state may source retail sales, excluding lease or rental, of tangible personal 11 property or digital goods to the location where the order is received by the seller if:
12 1. The order is received in the same state by the seller where receipt of the product by 13 the purchaser (or the purchaser’s donee, designated as such by the purchaser) occurs;
14 2. Location where receipt of the product by the purchaser occurs is determined pursuant 15 to Section 310A (2), (3) and (4); and
16 3. At the time the order is received, the recordkeeping system of the seller used to 17 calculate the proper amount of sales or use tax to be imposed captures the location 18 where the order is received.
19 C. A member state electing to source sales pursuant to this section shall comply with all of the 20 following:
21 1. When the location where the order is received by the seller and the location where the 22 receipt of the product by the purchaser (or the purchaser’s donee, designated as such 23 by the purchaser) occurs as determined pursuant to Section 310A (2), (3) and (4) are 24 in different states, the sale must be sourced pursuant to the provisions of Section 310.
25 2. When the sale is sourced pursuant to this section to the location where the order is 26 received by the seller, only the sales tax for the location where the order is received 27 by the seller may be levied. No additional sales or use tax based on the location 28 where the product is delivered to the purchaser may be levied on that sale. The 29 purchaser shall not be entitled to any refund if the combined state and local rate or 1 rates at the location where the product is received by the purchaser is lower than the 2 rate where the order is received by the seller.
3 3. A member state may not require a seller to utilize a recordkeeping s...
Interpretations issued. (a) The Governing Board issued Interpretation 2006-03 on April 18, 2006 relating to the
Interpretations issued. On October 7, 2010 the Governing Board issued Interpretative Opinion 2010-03 relating to the definition of “food and food ingredients.” That interpretation can be found in the Library of Interpretations in Appendix D.
Interpretations issued. (a) On April 18, 2006 the Governing Board issued Interpretation 2006-04 relating to the definition of “prepared food.” That interpretation can be found in the Library of Interpretations in Appendix D.