BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX ) STIPULATION OF SETTLEMENT
Petitioner, : AND ORDER
v. : Case No. 87-2411
AUDITING
DIVISION, STATE : AUDIT PERIOD: XXXXX
TAX COMMISSION
OF UTAH, )
Respondent. :
_____________________________________
The
Petitioner, XXXXX (XXXXX), and the Respondent, Auditing Division of the Utah
State Tax Commission (Auditing Division), by and through their respective
counsel hereby stipulate and agree as follows with respect to the issues
involved in the audit report issued by the Division:
1.
Petitioner and Respondent agree that the net tax deficiency for the period
XXXXX shall be $$$$$, together with accrued interest thereon as per statute.
2.
Petitioner and Respondent agree that the penalties set forth in the audit shall
be waived, and that no penalties shall be assessed for the audit period XXXXX.
3.
Respondent further agrees to issue an amended audit setting forth the net tax
deficiency and interest all together with the waiver of penalty as indicated in
paragraphs 1 and 2 above.
4.
Petitioner further agrees to undertake the, necessary modifications in its
accounting procedures to encourage prospective compliance in those areas which
were found deficient in the audit, and further, agrees to remit sales tax on
its taxable if purchases of thinners and reducers from the date of the audit
period prospectively to reflect such purchases such as items consumed in the
manufacturing process.
5.
This settlement agreement is strictly confidential. Petitioner and Respondent further agree that neither party may
use the stipulation as evidence in any legal proceeding.
6.
The Respondent recommends acceptance of Petitioners settlement offer and
request approval of the offer by the Utah State Tax Commission.
DATED
this 1 day of May, 1989.
XXXXX
Assistant Attorney General
Attorney for Auditing Division
XXXXX
Attorney for XXXXX
ORDER
The
Tax Commission hereby approves the settlement terms contained in the attached
stipulation. All claims regarding sales
deficiency for the period XXXXX shall be dismissed with prejudice, upon payment
by Petitioner to Auditing Division of $$$$$, together with accrued interest
there gone as per the statute.
DATED
this 20 day of June, 1990.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
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