Sentences with phrase «tax waivers»
Tax waivers refer to a legal reduction or exemption on the amount of money an individual or business needs to pay in taxes. It means that some or all of the tax obligations can be forgiven or reduced, helping people or companies keep more of their income or profits. Full definition
Initially, the company received a sales tax waiver saving it about $ 500,000 involving the purchase of equipment and construction materials.
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State and local governments spend that money in several different ways, ranging from tax credits for film companies to property tax waivers.
Part of this support, might be provided through labor market regulations, promoting the hiring of first - job seekers and low educated youth through tax waivers.
A number of construction companies are expected to benefit from the proposed tax waiver when approved by Parliament.
In the U.S., the policies regarding inheritance tax and inheritance tax waivers vary from state to state.
Ghanaian civil society groups within the tax space, have urged Parliament to investigate tax waivers granted a Chinese Petrochemical Corporation, the SINOPEC Group, through an Engineering, Procurement, Construction and Commissioning (EPCC) agreement in 2014.
Pushing the merger effort, Mahoney pointed out the duplicity of services provided by the Syracuse Industrial Development Agency and Onondaga County Industrial Development Agency in providing tax waivers.
State records show that between 2001 and 2007, sales tax waivers under the Empire Zone program saved the company an additional $ 1.39 million.
The pps board is permitted by law to increase the budget by 2 % every year and request tax waivers without a vote — prior to the expansion application it made an application for 1.7 million in waivers and plans on using 800k or 900k this year.
Freebies to the public — this usually means tax waivers, tax benefits and general bias towards tax friendly policies
The board approved $ 7.8 million in property tax abatements and $ 1.8 million in sales tax waivers for Uniland.
The tax waiver was granted last week when Parliamentary Select Committee on Finance in a report tendered before the House recommending for the House to «approve a waiver of US$ 185million for a period of five years for the Ghana Airports Company Limited.»
The $ 152 million tax waiver was approved by Parliament on goods and equipment imported or purchased locally for the Western Corridor Gas Infrastructure Development Project.
Dr. Steve Manteaw also noted that «the same Parliament, however went out of its way to approve tax waivers which were contained in the contract without seeing the contract itself, and therefore not able to satisfy itself on the grounds for the tax waivers.»
In a Citi News interview, ISODEC's Campaign Coordinator, Dr. Steve Manteaw, said Parliament did not follow the due process, but still found time to approve the tax waivers.
The President's also announced this year that Parliament has approved about 200 million cedis in tax waivers for the construction of an 84 - kilometre multi-modal railway line between Tema and Akosombo.
«MPS are investing US$ 1.5 billion and we are giving them US$ 832 million which means for each dollar that they invest, we give them a tax waiver of 55 cents,» he stated.
The ECIDA recently approved a sales tax waiver will save Delaware North $ 807,000 in sales taxes for the the purchase of equipment and construction materials that would be used to finish its new office space.
Buffalo, N.Y. - The Erie County Industrial Development Agency Board today approved $ 7.8 million in property tax abatements and $ 1.8 million in sales tax waivers for 250 Delaware, Inc., the Uniland entity which is undertaking the $ 51.7 million project.
Atiku, who once served as the country's vice president, said the favours include «public sector jobs appointments, distribution of resources through licences, contracts and tax waivers» majorly to curry political gains from the beneficiaries.
These favours take the form of public sector jobs, appointments, distribution of resources through licences, contracts and tax waivers.
It would extend the tax waiver from 15 or 25 years to 35, in exchange for dictating that more below - market - rate apartments be built in more parts of the city.
Paterson did away with the coupon system, which Native American buyers would have used to get a tax waiver.
If you not in the US and you are not a US citizen, then you need to submit a tax waiver form, called the W - 9 Form.
This means that there is the chance to get higher amounts of benefits when tax waivers are applied.
I have heard that the deadline for the tax waiver is the end of the year.
Now, with the extension through 2013, anyone closing a short sale this year will still be able to take advantage of the tax waiver on their deficiency.
-- Krause says another common issue occurs with foreign owners who must have 10 percent of the sales proceeds withheld for the IRS unless they are eligible for a tax waiver.