Tax Sheltering Clause Samples
The Tax Sheltering clause defines how parties may structure transactions or investments to minimize or defer tax liabilities within the bounds of the law. Typically, this clause outlines permissible strategies, such as utilizing tax credits, deductions, or specific investment vehicles, and may set limits on aggressive tax avoidance tactics. Its core function is to provide a clear framework for lawful tax planning, ensuring both parties understand the extent to which tax benefits can be pursued while reducing the risk of disputes or unintended tax consequences.
Tax Sheltering. The City shall offer to PPA members the opportunity to participate in tax sheltering and/or avoidance health care programs and accounts, under the same terms and conditions provided to non-represented employees.
Tax Sheltering. Teacher contribution to Illinois Teachers' Retirement System (9% of the TRS schedule and 9.8901% of the IRS schedule) shall be tax sheltered and paid by the Board. Additionally, each teacher’s THIS contribution (as established by TRS) shall be tax sheltered to the extent allowable by the IRS and shall be paid by the Board.
Tax Sheltering. The Board shall offer to shelter the educator’s share of insurance premium costs eligible to be excluded from gross income under the Internal Revenue Code.
Tax Sheltering a. ESP contribution to the Illinois Municipal Retirement Fund shall be tax sheltered.
b. Tax Sheltered Annuities The Board shall provide an opportunity for employees to enroll in the tax-sheltered annuity program. Employees who wish to join or alter their participation will be permitted to do so by notifying the Office of Business Services prior to the twentieth day of any calendar month for alterations in their tax-sheltered annuity program for the next payroll. Participation in such a program is voluntary and the District has no obligations in the program.
Tax Sheltering. Any program on tax sheltering of employees’ SERS contribution accepted by the Teachers Association (STRS) shall be accorded to OAPSE.
Tax Sheltering. The Board shall offer to shelter the member’s share of the insurance premium costs eligible to be excluded from gross income under the Internal Revenue Code. Members of the Bargaining Unit may participate in 403(b) and 457(b) tax sheltered annuity programs through payroll deduction.
Tax Sheltering. Employees will have any costs deducted from their pay for insurance premiums sheltered from federal and state taxes in accordance with Resolution 251-89, November 7, 1989, of the Hancock County Commissioners. Section 5. Vision Employer monthly premium amount for 2012 is $6.00 for Single Coverage and $14.00 for Family Coverage. See addendum – D for details of Health Insurance and Spousal Waiver.
Tax Sheltering. The Board shall offer to shelter the employee’s share of insurance premium costs eligible to be excluded from gross income under the Internal Revenue Code.