Not taxable definition

Not taxable means that the taxpayer is not subject to a business activities tax by that city or county within the United States or by that foreign country, except that a taxpayer is taxable in a city or county within the United States or in a foreign country in which it would be deemed to have a substantial nexus with the city or county within the United States or with the foreign country under the standards in RCW 35.102.050 regardless of whether that city or county within the United States or that foreign country imposes such a tax.
Sample 1Sample 2Sample 3
Not taxable means that the taxpayer is not subject to a business activities tax by that jurisdiction, except that a taxpayer is taxable in a City or County in which it would be deemed to have a substantial nexus under the standards in RCW 35.102.050 regardless of whether or not that City or County imposes a business activities tax.
Sample 1Sample 2
Not taxable means that the taxpayer is not subject to a business activities tax by the U.S. city or county, or by the foreign country, where the customer is located, except that a taxpayer is taxable in a U.S. city or county or in a foreign country in which it would be deemed to have a substantial nexus under the standards in RCW 35.102.050, regardless of whether that U.S. city or county or that foreign country imposes such a tax.
Sample 1Sample 2Sample 3

Examples of Not taxable in a sentence

  • Not taxable if the purchaser indicates that he does not intend to consume the baked goods on the premises.

  • If a lessee pays the residual at the end of the lease to buy the vehicle, sales tax is owed on the residual and any additional amount that the lessee pays, such as an excess mileage or damage charge• Security deposits - Not taxable, unless retained as a payment.

  • These charges are subject to sales tax.• Bad check fees - Not taxable.

  • If the customer fails to complete the contract until the end of the contract period, or if the contract terminates during the period Fortum Markets AB under the contract is entitled to charge a solvency fee, Fortum Markets AB is entitled to charge a solvency fee consisting of a variable portion of 12 öre / kWh ( Not taxable) on the remaining estimated contract volume and partly an administrative fee of 400 kr.

  • See discussion of Property taxes, above; Section I (b), General lease principles.• Trade-in amounts - Not taxable.

  • Bad check charges are not taxable.• Lien-payoff amounts on trade-ins – Not taxable.

  • Taxable in the hands of Unit holders (at the applicable rate)• Rental Income (applicable in case of REITs): Not taxable in the hands of REIT.

  • Not taxable if a distribution from an eligible plan for Pennsylvania tax purposes.

  • Not taxable Insuree is not entitled to disbursement of unemployment benefit in the period of time in which he is entitled for payment of sickness benefits, nursing benefits, maternity allowances and parental allowance.

  • Not taxable if a distribution from an employer-sponsored retirement program or from a traditional or Roth IRA.


More Definitions of Not taxable

Not taxable means that the taxpayer is not subject to a business activities tax by that jurisdiction, except that a taxpayer is taxable in a City or County in which it would be deemed to have a substantial nexus under the standards in RCW
Sample 1

Related to Not taxable

  • Taxable means either:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • taxable service means any service provided or to be provided –

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Recapture Income means any gain recognized by the Partnership (computed without regard to any adjustment required by Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to such property or asset.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Income means the following:

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).