Indemnity for tax deductors secures protection against liability when deducting, retaining, or paying taxes on another's income. Every person who, in compliance with the Code, deducts, retains or pays tax on income belonging to another person is indemnified against liability for ... Summary
Indemnity for tax deductors secures protection against liability when deducting, retaining, or paying taxes on another's income.
Every person who, in compliance with the Code, deducts, retains or pays tax on income belonging to another person is indemnified against liability for that deduction, retention or payment; the statutory protection applies to agents, deductors or payors performing withholding or remittance functions pursuant to the Code.
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