Stock Transfer Tax definition

Stock Transfer Tax means any state, local, foreign or provincial Tax which is attributable to the transfer of Company Common Stock pursuant to this Agreement.
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Stock Transfer Tax means any Tax which is attributable only to the transfer of Allied Common Stock pursuant to this Agreement, and not including any Tax measured by the income or gain of the transferor of such stock.
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Stock Transfer Tax means any state, local, foreign or provincial Tax which is attributable to the transfer of Company Stock.
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Examples of Stock Transfer Tax in a sentence

  • UUP has been successful in a bill revision that dedicates 2.5% of bill revenue to SUNY and 2.5% to CUNY beginning in year three that will support academic programs at both institutions, as well as SUNY hospitals and overdue CUNY infrastructure.UUP urges the state to reinstate the state’s Stock Transfer Tax.

  • As a practical matter, the 1905 Stock Transfer Tax is not fit for New York’sIn accounting, treating the amount that an asset has appreciated as income is called “mark-to-market”.It is appropriate, then, for New York to “mark” the value of assets that have appreciated to the “market” and tax it as income.

  • Because the Stock Transfer Tax was one of the taxes pledged to service bonds issued by the Municipal Assistance Corporation, the tax has remained on the books but has been rebated in part or in full since 1980.FIGURE 16: New York City major taxes: amounts and shares 1980* Real estate-related includes mortgage recording and real property transfer taxes.Source: Comprehensive Annual Financial Reports of the Comptroller, 1980-2013 compiled by the NYC Independent Budget Office.

  • New York still collects a .25% sales tax on securities trades through our Stock Transfer Tax that is rebated back to the banks to the tune of over $14 billion per year.

  • In addition to the aforementioned efficiencies and benefits for taxpayers provided by the Corporate Tax Reform Proposal, we request your consideration of the following recommendations, which whould provide greater administrative relief: Recommendations for Additional Efficiencies: 1) Eliminate the Stock Transfer Tax - The Stock Transfer Tax should be eliminated as it is redundant and unnecessary.

  • The Stock Transfer Tax has an ancillary benefit of slowing down trading, by reducing unproductive trades, those not in the interest of investors and only purpose is to generate fees for financial institutions.

  • To accommodate its RHNA, the City has identified several opportunity sites for future development.

  • New York City Independent Budget Office,“Background Paper: Reviving the New York Stock Transfer Tax: Revenues and Risks,” November 2003.electronic trading.19 As a result, a four-year phase-out of the tax began in 1979 when the rebate of the tax started at 30.

  • A.3353 directs the revenue raised by the Stock Transfer Tax into the following infrastructure: state highways and bridges, local roadways and local governments, the MTA, New York City Housing Authority, Amtrak, local water infrastructure, upstate and downstate transportation, as well as the Clean Energy Fund.o Q: I thought legalizing marijuana and creating another wealth tax will solve the problem?o A: Unfortunately, neither is an immediate solution.

  • Thus, even if Wall Street moved much of its computerized activities outside of New York, the state would be able to keep the Stock Transfer Tax revenues.

Related to Stock Transfer Tax

  • Transfer Tax means any transfer, recording, registration and other fees and any similar taxes that become payable in connection with the Transactions (together with any related interest, penalties or additions to such taxes).

  • Transfer Taxes means any and all transfer, documentary, sales, use, gross receipts, stamp, registration, value added, recording, escrow and other similar Taxes and fees (including any penalties and interest) incurred in connection with the transactions contemplated by this Agreement (including any real property or leasehold interest transfer or gains tax and any similar Tax).

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • All applicable Federal, State, and local taxes and duties means all taxes and duties, in effect on the contract date, that the taxing authority is imposing and collecting on the transactions or property covered by this contract.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Backup Annual Special Tax means the Special Tax of that name described in Section E.

  • 1031 TAX EXCHANGE The seller of this property may facilitate this sale by use of a 1031 Exchange, and the buyer agrees to sign additional 1031 Exchange documents if required. The undersigned hereby ratify, accept and agree to the contract and acknowledge receipt of a copy thereof. SAMPLE CONDITION OF PROPERTY: THE PURCHASER UNDERSTANDS THAT THE SELLER ACQUIRED THE PROPERTY BY FORECLOSURE, DEED-IN-LIEU OF FORECLOSURE, FORFEITURE, TAX SALE, RIGHT OF EMINENT DOMAIN OR SIMILAR PROCESS AND CONSEQUENTLY AND OR ANY OTHER WAY. THE SELLER HAS LITTLE OR NO DIRECT KNOWLEDGE CONCERNING THE CONDITION OF THE PROPERTY. XXXXX HAS HAD THE RIGHT TO INSPECT PROPERTY. THE PROPERTY IS SOLD AS IS, SUBJECT TO ANY AND ALL LOCAL GOVERMENT HOUSING CODE VIOLATIONS. AS A MATERIAL PART OF THE CONSIDERATION TO BE RECEIVED BY THE SELLER UNDER THIS AGREEMENT AS NEGOTIATED AND AGREED TO BY THE PURCHASER AND THE SELLER, THE PURCHASER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN "AS IS" CONDITION AT THE TIME OF CLOSING, INCLUDING, WITHOUT LIMITATION, ANY HIDDEN DEFECTS OR ENVIRONMENTAL CONDITIONS AFFECTING THE PROPERTY, WHETHER KNOWN OR UNKNOWN WHETHER SUCH DEFECTS OR CONDITIONS WERE DISCOVERABLE THROUGH INSPECTION OR NOT. THE PURCHASER ACKNOWLEDGES THAT THE SELLER, ITS AGENTS AND REPRESENTATIVES HAVE NOT MADE AND THE SELLER SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTEES, IMPLIED OR EXPRESS, ORAL OR WRITTEN IN RESPECT TO: (A) THE PHYSICAL CONDITION OR ANY OTHER ASPECT OF THE PROPERTY INCLUDING THE STRUCTURAL INTEGRITY OR THE QUALITY OR CHARACTER OF MATERIALS USED IN CONSTRUCTION OF ANY IMPROVEMENTS, AVAILABILITY AND QUANTITY OR QUALITY OF WATER, STABILITY OF THE SOIL, SUSCEPTIBILITY TO LANDSLIDE OR FLOODING, SUFFICIENCY OF DRAINAGE, WATER LEAKS, WATER DAMAGE, MOLD OR ANY OTHER MATTER AFFECTING THE STABILITY, INTEGRITY, OR CONDITION OF THE PROPERTY OR IMPROVEMENTS; THE PHYSICAL CONDITION OR ANY OTHER ASPECT OF THE PROPERTY INCLUDING THE STRUCTURAL INTEGRITY OR THE QUALITY OR CHARACTER OF MATERIALS USED IN CONSTRUCTION OF ANY IMPROVEMENTS, AVAILABILITY AND QUANTITY OR QUALITY OF WATER, STABILITY OF THE SOIL, SUSCEPTIBILITY TO LANDSLIDE OR FLOODING, SUFFICIENCY OR DRAINAGE, WATER LEAKS, WATER DAMAGE, MOLD OR ANY OTHER MATTER AFFECTING THE STABILITY, INTEGRITY, OR CONDITION OF THE PROPERTY OR IMPROVEMENTS;

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.

  • Taxable value per membership pupil means each of the following divided by the district’s membership:

  • Virginia venture capital account means an investment fund that has been certified by the

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Closing Cash Consideration has the meaning set forth in Section 2.02.

  • Estimated Merger Consideration shall have the meaning set forth in Section 2.10(a).

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

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Cash Merger Consideration has the meaning set forth in Section 2.2(a).

  • 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.

  • Closing Merger Consideration has the meaning set forth in Section 2.02

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

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Exchange Agent Agreement has the meaning set forth in Section 2.5(a).

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Urban transit hub means an urban transit hub, as defined in