Tax Exemption; Payment in Lieu of Real Property Taxes Sample Clauses

Tax Exemption; Payment in Lieu of Real Property Taxes. (a) Tax-Exempt Status of the Project Facility. Pursuant to RPTL 487 the Parties hereto agree that the Project shall be placed by the Taxing Jurisdiction as exempt upon the assessment rolls of the Taxing Jurisdiction. A Real Property Tax Exemption Form (RP 487) has or will be filed with the Assessor responsible for the Taxing Jurisdiction and the Project is eligible for exemption pursuant to RPTL 487 (4).
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Tax Exemption; Payment in Lieu of Real Property Taxes. (A) Pursuant to RPTL Section 487 the Parties hereto agree that the Project Improvement shall be placed by the School District as exempt upon the assessment rolls of the School District. A Real Property Tax Exemption Form (RP 487) has or will be filed with the Assessor responsible for the School District and the Project is eligible for exemption pursuant to RPTL 487.
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Related to Tax Exemption; Payment in Lieu of Real Property Taxes

  • REAL PROPERTY GAINS TAX a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Price and shall pay the said 3% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the Property.

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