State and Federal Tax Offset Sample Clauses

State and Federal Tax Offset. 9 In the event County medical insurance premium payments on behalf of 10 retirees or their dependents are made subject to state or federal taxation, any additional 11 costs to the County shall be directly offset against such payments required under this 12 section. (For example, if the effect on the County of the additional tax is to increase the 13 County's outlay by an amount equivalent to ten percent (10%) of aggregate monthly retiree 14 premium, the County's contribution shall be reduced to forty percent (40%) of premium so 15 that net County costs will remain unchanged.)
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State and Federal Tax Offset. 18 In the event County insurance premium payments on behalf of retirees 19 or their dependents are made subject to state or federal taxation, any additional 20 County tax liability shall be directly offset against such payments required under this 21 section. (For example, if the effect on the County of the additional tax is to increase 22 the County's outlays by an amount equivalent to ten percent (10%) of aggregate 24 (40%) of the premium so that the net County costs will remain unchanged.)
Sample 1
State and Federal Tax Offset. 1 In the event County medical insurance 2 premium payments on behalf of retirees or their dependents are made subject to 3 state or federal taxation, any additional costs to the County shall be directly offset 4 against such payments required under this section. (For example, if the effect on 5 the County of the additional tax is to increase the County's outlay by an amount 6 equivalent to ten percent (10%) of aggregate monthly retiree premium, the 7 County's contribution shall be reduced to forty percent (40%) of premium so that 8 net County costs will remain unchanged.) 10 group) 11 12 for in Addendum B. 14 COBRA
Sample 1

Related to State and Federal Tax Offset

  • CFR PART 200 AND FEDERAL CONTRACT PROVISIONS EXPLANATION TIPS and TIPS Members will sometimes seek to make purchases with federal funds. In accordance with 2 C.F.R. Part 200 of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (sometimes referred to as “XXXXX”),Vendor's response to the following questions labeled "2 CFR Part 200 or Federal Provision" will indicate Vendor's willingness and ability to comply with certain requirements which may be applicable to TIPS purchases paid for with federal funds, if accepted by Vendor. Your responses to the following questions labeled "2 CFR Part 200 or Federal Provision" will dictate whether TIPS can list this awarded contract as viable to be considered for a federal fund purchase. Failure to certify all requirements labeled "2 CFR Part 200 or Federal Provision" will mean that your contract is listed as not viable for the receipt of federal funds. However, it will not prevent award. If you do enter into a TIPS Sale when you are accepting federal funds, the contract between you and the TIPS Member will likely require these same certifications.

  • CFR PART 200 AND FEDERAL CONTRACT PROVISIONS EXPLANATION TIPS and TIPS Members will sometimes seek to make purchases with federal funds. In accordance with 2 C.F.R. Part 200 of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (sometimes referred to as “XXXXX”),Vendor's response to the following questions labeled "2 CFR Part 200 or Federal Provision" will indicate Vendor's willingness and ability to comply with certain requirements which may be applicable to TIPS purchases paid for with federal funds, if accepted by Vendor. Your responses to the following questions labeled "2 CFR Part 200 or Federal Provision" will dictate whether TIPS can list this awarded contract as viable to be considered for a federal fund purchase. Failure to certify all requirements labeled "2 CFR Part 200 or Federal Provision" will mean that your contract is listed as not viable for the receipt of federal funds. However, it will not prevent award. If you do enter into a TIPS Sale when you are accepting federal funds, the contract between you and the TIPS Member will likely require these same certifications.

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