JAC Tax definition

JAC Tax means any Tax, if and to the extent that JAC is or may be potentially liable under applicable law, under contract or on any other grounds (including, but not limited to, as a transferee or successor, under Code Section 6901 or Treasury Regulation Section 1.1502-6, as a result of any Tax sharing or other agreement, or by operation of law) for any such Tax.
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Examples of JAC Tax in a sentence

  • There is no power of attorney in effect with respect or relating to any JAC, JAC Tax or JAC Tax Return.

Related to JAC Tax

  • input tax , in relation to a vendor, means—

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Transfer Tax means any sales, use, transfer, real property transfer, recording, stock transfer and other similar Tax and fees, including any interest, penalty or addition thereto, whether disputed or not; provided, however, that the term “Transfer Tax” shall not include any Income Tax.