Remittance of City GRT Tax Increment Revenue Generated by 24 Certain Rio Rancho Businesses that relocate to the District Sample Clauses

Remittance of City GRT Tax Increment Revenue Generated by 24 Certain Rio Rancho Businesses that relocate to the District. The District shall pay to the 25 City the value of the City GRT Increment Dedication generated by a Relocated 26 Business. The City GRT Increment Dedication generated by a Relocated Business 27 shall be repaid by the District to the City beginning on the first month following reporting 28 to the New Mexico Taxation and Revenue Department of sales at the District’s location 1 code by the Relocated Business. The XXXX Development Agreement shall provide that 2 (i) each Relocated Business will deliver copies of each applicable Form CRS-1 (or its 3 equivalent) to the City and the District, within 7 days of filing with the New Mexico
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Related to Remittance of City GRT Tax Increment Revenue Generated by 24 Certain Rio Rancho Businesses that relocate to the District

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