State payment definition
Examples of State payment in a sentence
Party understands and acknowledges responsibility, if applicable, for compliance with State tax laws, including income tax withholding for employees performing services within the State, payment of use tax on property used within the State, corporate and/or personal income tax on income earned within the State.
To the extent the State payment (including the estimated cumulative balance) is greater than actual outlays, a Federal interest liability will accrue.
For each month of the State's fiscal year, SSA will compare the amount of the State payment to the amount of the actual outlays made on behalf of the State.
To the extent the State payment (including estimated cumulative balance) is less than actual outlays, a State interest liability will be calculated.
In either case, the interest liability will be calculated based on the difference in whole days from (1) the day the monthly State payment was deposited to a Federal account to (2) the day a subsequent monthly State payment is deposited to a Federal account.
The monthly State payment includes the cumulative balance brought forward from the previous month.
SSA shall calculate Federal and State interest liabilities on the variance between (1) the amount of the monthly State payment, which is an estimate, and (2) the actual monthly outlays for program purposes made by the SSA on behalf of the State.
If the laboratory providing analytical services is under contract with the State, payment for such services shall be limited to the rates set forth in the contract between the laboratory and the State.
Retained - State contract with no State payment to Service Provider.
Contractor understands and acknowledges responsibility, if applicable, for compliance with all State tax laws, including income tax withholding for employees performing services within the State, payment of use tax on property used within the State, and corporate and/or personal income tax on income earned within the State.