Examples of Transaction Certificates in a sentence
For more information for the application process for a Type 12 NTTC and reporting requirements, see Form RPD-41378, Application for Type 11 and Type 12 Non- taxable Transaction Certificates.
Contractor shall utilize appropriate New Mexico Nontaxable Transaction Certificates, or similar certificates from other states, where applicable, to minimize such gross receipts, compensating, sales, and other similar taxes.
The City of Farmington issues Type 9 Non-Taxable Transaction Certificates (NTTC's) and is tax exempt for purchases of TANGIBLE PERSONAL PROPERTY ONLY.
In such cases, Member hereby directs the approved organic certifying organization to issue a copy of all Transaction Certificates directly to Association (or similar documentation indicating the volume and price of organic production sold) and shall further direct the buyer to remit the appropriate Marketing Service Fee directly to Association or failing such direct remittance from the buyer, Member shall immediately remit such documents and fees to Association.
Nontaxable Transaction Certificates shall be executed and delivered by the Company, as agent for the Issuer, to vendors, in order to permit the vendors to claim deductions available under the New Mexico Gross Receipts and Compensating Tax Act for the vendors’ receipts from the Company, as agent for the Issuer, for sales of the Improvements.
The Issuer agrees, at the request and expense of the Company, to make reasonable modifications to this Lease that are necessary or desirable to obtain Nontaxable Transaction Certificates or otherwise reduce the gross receipts and compensating tax imposed upon the Company or the Issuer as a result of the Project or its operation.
The deduction from gross receipts or governmental gross receipts, and the exemption from compensating tax, shall not apply to purchases of Improvements except as provided in the preceding sentence, and, except as contemplated in the preceding sentence, the Company shall not be authorized by this Lease to provide Nontaxable Transaction Certificates to vendors.
Nontaxable Transaction Certificates shall be executed and delivered by the Company, as agent for the Issuer, to vendors for the Series 2018 Project, in order to permit the vendors to claim deductions available under the New Mexico Gross Receipts and Compensating Tax Act for the vendors’ receipts from the Company, as agent for the Issuer, for sales of the Series 2018 Improvements.
To the extent consistent with State law, the Issuer will cooperate with the Company in the obtaining of Nontaxable Transaction Certificates (“NTTCs”) to be issued to vendors and contractors by the Company, as agent for the Issuer, in order to permit the vendors and contractors to claim deductions available under the New Mexico Gross Receipts and Compensating Tax Act for their receipts from selling tangible personal property for the Project, to the Company, as agent for the Issuer.
CONTENTS New Mexico Law page 2 Agreement to Pay Over Taxes page 3 Nontaxable Transaction Certificates (NTTCs) page 3 Registration Requirements page 3 Determining Your Gross Receipts Tax Liability for an Event in New Mexico page 4 Taxpayer Information page 6 For Further Assistance page 7 Taxpayers should be aware that subsequent legislation, regulations, court decisions, revenue rulings, notices and announcements could affect the accuracy of this publication’s contents.