Tax Deferral Programs Sample Clauses
A Tax Deferral Programs clause outlines the terms under which parties may postpone the payment of certain taxes related to a transaction or ongoing business activity. Typically, this clause specifies which taxes are eligible for deferral, the conditions that must be met to qualify, and any reporting or documentation requirements. By providing a structured way to delay tax payments, the clause helps manage cash flow and ensures compliance with relevant tax laws while reducing immediate financial burdens.
Tax Deferral Programs. Borrower shall not participate in a real estate tax deferral program, if any liens created by the tax deferral are not subordinate to this Security Instrument.
Tax Deferral Programs. The District shall provide the option for employees to participate in a 403(b) and a 457(b) offered by any of six (6) tax-deferred investment programs approved in writing by the Spring-Ford Area School District. The District's only obligation under this provision shall consist of making payroll deductions as authorized in writing by the employee and remitting the amounts deducted to the tax deferred investment program selected by the employee. The District does not warrant, on either a current or future basis, that the plan or plans selected by the employee or the contributions made are either non-taxable or eligible for the tax deferral under any provision of law. A request for payroll deduction filed with the Business Office before the tenth of the preceding month will be incorporated in payroll procedures to effect enrollment or changes in enrollment in the plan or plans selected. Nothing in this Agreement shall confer any form of collective bargaining rights on the Spring-Ford Principals and Administrators Association, nor shall the Spring-Ford Principals and Administrators Association be deemed to have a right to strike, or a right to file grievances pursuant to the Public Employee Relations Act or pursuant to the Public School Code of 1949, as amended. All areas not specifically addressed and/or identified in this plan shall be followed as set forth in the Spring-Ford Area School District Board Approved Policy Manual.