Common use of Reduction in net tax revenue Clause in Contracts

Reduction in net tax revenue. The State or Territory reports a reduction in net tax revenue, measured as the difference between actual tax revenue and the State’s or Territory’s baseline, each measured as of the end of the reporting year; and

Reduction in net tax revenue. The State or Territory reports a reduction in net tax revenue, measured as the difference dif- ▇▇▇▇▇▇▇ between actual tax revenue and the State’s or Territory’s baseline, each measured as of the end of the reporting re- porting year; and