Tax Incentives. Redeveloper, by entering into this Agreement, agrees and certifies to the City that Redeveloper 1) has not and does not intend to file an application with the Nebraska Department of Revenue to receive tax incentives under the Nebraska Advantage Act for a project located or to be located within the Redevelopment Project Area; 2) has not and does not intend to file an application requesting a refund of the city’s local option sales tax revenue; and 3) has not had any application to receive tax incentives under the Nebraska Advantage Act for a project located or to be located within the Redevelopment Project Area approved.
Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three (3) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years
Tax Incentives. The Project shall receive an exemption of Twenty-Five Thousand Dollars per Unit ($25,000/unit) property tax exemption for a period of two (2) years provided the Project Operator meets the goals and conditions set forth in this Agreement.
Tax Incentives. Customers are encouraged to consult the Internal Revenue Service (See xxx.xxx.xxx), the NYS Department of Taxation and Finance (See xxx.xxx.xx.xxx) and with an accountant/tax adviser for details on eligibility for the credit provided in the law, regardless of whether the Builder/Contractor has provided information regarding the expected tax benefits (real property, federal or state tax incentives, or sales and use tax exemptions).
Tax Incentives. Each member of the Group has used its best efforts to obtain Tax incentives available in the jurisdiction of their operations (including Tax holidays) available to its industry or business sector or to the companies of its type.
Tax Incentives. The Company is in material compliance with all terms and conditions of any Tax Incentive and, to the Knowledge of the Company, the consummation of the transactions contemplated by this Agreement will not have any adverse effect on the continued validity and effectiveness of any such Tax Incentive.
Tax Incentives. (a) Neither Developer nor any Affiliate of Developer will engage in any action or fail to take any action that would jeopardize the receipt by PacifiCorp or any of its Affiliates of any Renewable Energy Incentive, or the eligibility of the Project (or any property in the Project) for any other Tax benefit or incentive made available by a Governmental Authority.
(b) Developer shall cause all property (including all PTC Facilities) in the Project to be placed in service within the meaning of Section 45 of the Code no later than the end of the fourth calendar year after the date on which construction began.
Tax Incentives. Landlord agrees to use reasonable efforts to seek Federal and Texas Historic Rehabilitation Tax Credits (HTCs) in connection with the improvements in the Premises. Tenant agrees to cooperate with Landlord’s efforts, at no cost to Tenant (other than routine administrative expenses and Tenant’s legal fees), to obtain HTCs in connection with the "qualified rehabilitation expenses" made by Landlord on the Premises as that term is defined in the Section 47 of the Internal Revenue Code. Such efforts may include admission of an HTC investor as a member of Landlord or lease (the “Master Lease”) of the Premises by Landlord to an entity (the “Master Tenant”) jointly owned by an affiliate of Landlord and an HTC investor. In the event of a Master Lease of the Premises, Landlord shall assign its rights under this Lease to the Master Tenant and Tenant shall consent to any such assignment. Tenant acknowledges that any improvements or alterations must be made in accordance with the Standards of Rehabilitation promulgated under federal and state law (the "Standards") and will cooperate reasonably with Landlord’s special counsel, historic architectural, tax and accounting consultants in making any Tenant improvements or alterations under the Lease, provided that Tenant is not obligated to change any of the proposed work after Landlord approves (or is deemed to have approved) Plans and Specifications. Subject to the provisions of this Section 50, such consultation shall be initially at Landlord’s cost and expense (subject to potential reimbursement as provided below) in order to assure qualification of the improvements on the Premises for the HTCs. Landlord agrees to seek potential financing assistance on the Complex through the New Markets Tax Credit Program and Tenant shall cooperate reasonably with Landlord in providing information about its business, to the extent reasonably necessary, to describe relevant community benefits resulting from Tenant’s business and operations. In compliance with the New Markets Tax Credit Program, Tenant acknowledges that it shall not engage in (a) the rental to others of (i) real property without substantial improvements thereon or (ii) "residential rental property" (as such term is defined in Section 168(e)(2)(A) of the Tax Code); (b) the operation of any private or commercial golf course, country club, massage parlor, hot tub or suntan facility, race track or other facility used for gambling (provided, however, that the sale of lottery ti...
Tax Incentives. The Company and its Subsidiaries are in compliance in all material respects with all terms and conditions of any Tax exemption, Tax holiday or other Tax reduction Contract or Order granted by a Governmental Entity that are not generally available to Persons without specific application therefor.
Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of eight (8) years provided the Project Operator meets the goals and conditions set forth in this Agreement.
