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Form 4626 Downey California: What You Should Know
Final Distribution to the Distributor (or Distribution of such Distribution to the Settling States) was filed in the Superior Court of Los Angeles County, County of Los Angeles, California, naming all the Distributor members as a defendant, the court making the order: “ The State of California and each of the Plaintiffs herein, being the Plaintiffs hereby admit, agree and admit, that the Settlement Agreement for the Distribution of the Distribution Payment to the States of California, and each of the other states is the best, most reasonably, practicable and just, and the agreed distribution shall be made in full consideration of and to all the Settling States and to all persons who receive distributions under the Settlement Agreement as to all other taxes that the Settling States may owe to any person under the Federal Income Tax Ordinance or otherwise imposed by any State. All persons who are or will be entitled to participate in the distribution pursuant to the Settlement Agreement are therefore expressly notified that any and all taxes on income that may be due under any State of California law shall be paid to the State of California pursuant to such State law prior to, and to the exclusion of any other taxes due under any such State tax law. The Distribution Payment heretofore made to the States of California, and each of the other states herein, shall be made to the State of California, on the date the agreement is ratified by the Federal Executive Office of the President, Department of the Treasury under the provisions of Title 1, United States Code, Article 1, Section 10, which says: Each State has the right, at its election, to collect a portion of the tax, and to enforce those amounts to the full extent of its authority.” “ (I'm not sure if that's in the Consent Judgment.
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