TAX PAID GALLONS Sample Clauses

TAX PAID GALLONS. Enter gallons bought at the pump or pumped from bulk storage if tax was paid at the time of purchase. SURCHARGE: Surcharge is calculated on taxable gallons. It is not collected at the pump when you purchase fuel in that jurisdiction. Take the taxable gallons and multiply by the surcharge tax rate for the surcharge due. You cannot claim gallons without a receipt. NET TAXABLE GALLONS: Calculate the difference between taxable gallons (column “5”) and tax paid gallons (column “6”). If column “5” is less than column “6”, enter the difference in brackets, this indicates a credit amount. If column “5” is more than column “6”, enter the difference without brackets, this indicates a tax due amount. TAX RATE: Diesel tax rates are preprinted on the Diesel report. If you have fuel types other than diesel, use the blank Non-Diesel form and the current tax rates listed on the following diesel tax rate page. Find the current tax rate for each jurisdiction you are reporting and enter it in column “8”. If you need a fuel tax rate that is not listed, contact our office at (000) 000-0000 or xxx-xxxx@xxx.xx.xxx for the tax rate. You can also find the official IFTA tax rates at the IFTA Inc. web site: (xxx.xxxxxx.xxx).
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Related to TAX PAID GALLONS

  • Tax Liability The Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value added tax and any other similar tax or government charge applicable to the creation or redemption of any Basket made pursuant to this Agreement, regardless of whether or not such tax or charge is imposed directly on the Authorized Participant. To the extent the Trustee, the Sponsor or the Trust is required by law to pay any such tax or charge, the Authorized Participant agrees to promptly indemnify such party for any such payment, together with any applicable penalties, additions to tax or interest thereon.

  • After-Tax Basis Indemnification under Section 11.1 and Section 11.2 shall be in an amount necessary to make the Indemnified Party whole after taking into account any tax consequences to the Indemnified Party of the receipt of the indemnity provided hereunder, including the effect of such tax or refund on the amount of tax measured by net income or profits that is or was payable by the Indemnified Party.

  • Tax Adjustment Tenant shall pay as additional rent, in addition to the Base Rent required by Paragraph 2 hereof, an amount ("Tax Adjustment Amount") equal to Tenant's Proportionate Share of the amount by which the Taxes with respect to each Calendar Year exceeds the Taxes with respect to the Base Year. The Tax Adjustment Amount with respect to each Calendar Year shall be paid in monthly installments, payable in advance on the first day of each calendar month during the course of such year in amounts estimated from time to time by Landlord and communicated by written notice to Tenant. Following the close of each Calendar Year, Landlord shall cause the amount of the Tax Adjustment Amount for such Calendar Year to be computed based on Taxes for such Calendar Year and Landlord shall deliver to Tenant a statement of such amount and Tenant shall pay any deficiency as shown by such statement to Landlord within 30 days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Tax Adjustment Amount due from Tenant for such Calendar Year, then, at Landlord's option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder. The amount of any refund of Taxes received by Landlord shall be credited against Taxes for the year in which such refund is received. In determining the amount of Taxes for any year, the amount of special assessments to be included shall be limited to the amount of the installment (plus any interest payable thereon) of such special assessment required to be paid during such year as if the Landlord had elected to have such special assessment paid over the maximum period of time permitted by law; if the authority to whom such assessment is to be paid shall not permit such assessment to be paid in installments, the amount of such assessment shall be treated as being amortized over such number of calendar years, beginning with the Calendar Year in which the assessment is payable, as Landlord shall reasonably determine, with interest at the rate of 15% per annum on the unamortized amount, and such amortization and interest for each Calendar Year shall be included in Taxes for that Calendar Year.

  • Tax Payments Each Company shall be liable for and shall pay the Taxes allocated to it by this Section 2 either to the applicable Tax Authority or to the other Company in accordance with Section 4 and the other applicable provisions of this Agreement.

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