BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX )
)
)
Petitioner, ) STIPULATION AND ORDER
)
v. )
AUDITING
DIVISION OF )
THE STATE TAX
COMMISSION, ) Sales Tax Audits
) XXXXX
Respondent. )
_____________________________________
Petitioner
and Respondent, by and through their respective counsel of record, stipulate as
follows:
1. Petitioner is indebted to Respondent in an
amount exceeding One $$$$$ for unpaid sales taxes between XXXXX and XXXXX.
2. Petitioner has surrendered all right, title
and interest to any and all of Petitioner's assets to XXXXX.
3. In return for Petitioner's assets, XXXXX has
executed a Promissory Note, which obligates him to pay the Tax Commission XXXXX
Dollars (XXXXX) (see Exhibit "A").
4. The Promissory Note allows XXXXX to offset
the claims of all Petitioner's other creditors against the amount due to the Tax
Commission under the Promissory Note.
5. Upon the Tax Commission's approval of this
stipulation, all sales tax claims for XXXXX through XXXXX, by Respondent
against Petitioner, will be dismissed with prejudice.
XXXXX XXXXX
Assistant
Attorney General Counsel
for Petitioner
Counsel for Respondent
ORDER
The
Utah State Tax Commission hereby approves the terms proposed in the Stipulation
and the Promissory Note attached as Exhibit "A". All claims of the Auditing Division against
Petitioner regarding underpayment of Sales Tax between XXXXX and XXXXX are
hereby dismissed with prejudice.
DATED
this 1 day of May, 1989.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner