Section 603 definition

Section 603. MONETARY ALLOWANCE FOR MODEL 3 SELLERS AND ALL OTHER SELLERS THAT ARE NOT UNDER MODELS 1 OR 2 (REPEALED)

Section 603. MONETARY ALLOWANCE FOR MODEL 3 SELLERS AND ALL OTHER

Section 603. MONETARY ALLOWANCE FOR MODEL 3 SELLERS AND ALL OTHER 11 A. For a period not to exceed twenty-four months following a voluntary seller's registration 12 through the Agreement's central registration process, a percentage of tax revenue 13 generated for a member state by the voluntary seller for each member state for which the 14 seller does not have a requirement to register to collect the tax. 15 B. Vendor discounts afforded under each member state's law. 1 ARTICLE VII

Examples of Section 603 in a sentence

• As provided in Section 6.03, below, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.

• Section 603 of the Act provides that the Secretary will make payments to local governments in two tranches, with the second tranche being paid twelve months after the first payment.

• The obligations of the Lenders under this Section 6.03 shall be several and not joint.

• For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 6.03 with respect to any payments made by such Lender to its Participant(s).

• Section 603 requires Treasury to allocate and pay Fiscal Recovery Funds to the States and territories and requires the States and territories to distribute Fiscal Recovery Funds to NEUs based on population within 30 days of receipt unless an extension is granted by the Secretary.