Tax Generation Sample Clauses

Tax Generation. The Project is expected to generate Property Tax Revenue, whether directly or indirectly through MCDG, BIN – AG, and their affiliates, lessees, licensees, vendors, or tenants, from the Site over its first ten years of operations, following the Effective Date, on the following schedule: It is recognized that these are revenue projections, based on current tax rates and tax structure.

Tax Generation. The Company is expected to generate Sales and Property Tax Revenue, whether directly or indirectly through its affiliates, lessees, licensees, vendors or tenants, from the Project of EIGHT HUNDRED EIGHTY THOUSAND, NINE HUNDRED EIGHTY FOUR DOLLARS ($880,984) over its first ten years of operations, following the Commencement Date, on the following schedule: Year Est. Total Revenue Est. Sales & Occupancy Tax Minimum Cumulative Taxes 1 $ 71, 074 $ 4,975 $6,574 2 $ 264,710 $ 13,112 $21,258 3 $ 649,494 $ 50,418 $73,302 4 $ 974,184 $ 74,909 $152,011 5 $1,207,986 $ 94,149 $250,710 6 $1,381,814 $108,650 $365,553 7 $1,436,325 $112,824 $484,792 8 $1,531,262 $119,838 $611,045 9 $1,617,200 $126,233 $743,639 10 $1,677,944 $130,876 $880,984 Total Estimated Projected Sale Revenue: $10,811,993 Consideration Total Estimated Sales, Property, Occupancy Tax Revenue: $ 880,984 Total Revenue from Sale of Property $ 50,000 Total Credit for Job Creation (10 Full Time) $ 100,000 TOTAL CONSIDERATION $ 1,030,984 Total Sales Revenue and Consideration Impact $ 11,842,977 It is recognized that these are revenue projections, based on current tax rates and tax structure. These projected revenues will be taken into account by the County in determining the amount of consideration that it receives for the conveyance or lease of the Property to the Company, as allowed by N.C.G.S. 158-7.1 (d2).