Tax revenue. The interim final rule’s definition of ‘‘tax revenue’’ is based on the Census Bureau’s definition of taxes, used for its Annual Survey of State Government Finances.166 It provides a consistent, well-established definition with which States and territories will be familiar and is consistent with the approach taken in Section II.C of this SUPPLEMENTARY INFORMATION describing the implementation of sections 602(c)(1)(C) and 603(c)(1)(C) of the Act, regarding revenue loss. Consistent with the approach described in Section II.C of this SUPPLEMENTARY INFORMATION, tax 164 Using Fiscal Year 2019 is consistent with section 602 as Congress provided for using that baseline for determining the impact of revenue loss affecting the provision of government services. See section 602(c)(1)(C). 165 Congressional Budget Office, An Overview of the Economic Outlook: 2021 to 2031 (February 1, 2021), available at xxxxx://xxx.xxx.xxx/ publication/56965. 166 U.S. Census Bureau, Annual Survey of State and Local Government Finances Glossary, https:// xxx.xxxxxx.xxx/xxxxxxxx-xxxxxxx/xxxxx/xxxxx/ glossary.html (last visited Apr. 30, 2021). revenue does not include revenue taxed and collected by a different unit of government (e.g., revenue from taxes levied by a local government and transferred to a recipient government).
Tax revenue. 2. For the purposes of this Annex and subject to clauses 3 and 4, the tax revenue for a tax entitlement year or for a sub-period of a tax entitlement year, as the case may be, is the amount determined by the formula where A is the sum of
(a) all amounts of net tax, as or on account of CVAT or the PVAT in respect of any participating province, in respect of the tax entitlement year or sub-period, as determined or estimated by Finance (Canada), and
(b) all amounts deducted or deductible under section 234 of the Excise Tax Act in determining any amount of net tax referred to in paragraph (a), as determined or estimated by Finance (Canada), and B is the sum of
(c) all amounts of any refund or rebate payable or claimable as or on account of CVAT or the PVAT in respect of any participating province, other than any amount of a federal rebate, a provincial rebate or a refund in respect of a negative amount of net tax, as determined or estimated by Finance (Canada),
(d) all amounts of any rebate paid to Canada or a province (including agents or entities of Canada or of a province) under this Agreement, an agreement similar to this Agreement in effect between Canada and a participating province or an agreement regarding the reciprocal payment of sales or commodity taxes between Canada and a province, as determined or estimated by Finance (Canada), other than any amount of a rebate deducted from tax revenue under paragraph (c), and
(e) all amounts of tax paid by federal departments, as reported to the Canada Revenue Agency by the Department of Public Works and Government Services or as determined or estimated by Finance (Canada), other than any amount of any such tax rebated and deducted from tax revenue under paragraph (c) or (d).
3. In determining tax revenue for a tax entitlement year or for a sub-period of a tax entitlement year, Finance (Canada) shall take into account all amounts reported as CVAT and PVAT, including amounts declared on returns filed with the Canada Revenue Agency or the Canada Border Services Agency under Part IX of the Excise Tax Act, amounts accounted for under the Customs Act in respect of tax under Part IX of the Excise Tax Act and amounts payable as a result of an assessment, reassessment or additional assessment under Part IX of the Excise Tax Act or as a result of a determination, re-determination or re-appraisal under the Customs Act.
4. Tax revenue does not include amounts collected as interest or penalties payable under the Excise Tax...
Tax revenue. 8.1 Ucluelet First Nation own source revenue from taxes for a Fiscal Year will be calculated as the sum of:
(a) taxes received in that Fiscal Year by Ucluelet First Nation pursuant to an agreement with Canada or British Columbia to share tax room or tax revenues;
(b) taxes other than the taxes referred to in paragraph 8.1(a) levied and received by Ucluelet First Nation under any law enacted by Ucluelet First Nation Government; and
(c) any fines, interest or penalties levied and received by Ucluelet First Nation in respect of a tax referred to in this paragraph.
Tax revenue. The property to be redeveloped is anticipated to have a January 1, 2019, valuation of approximately $100,943. Based on the 2017 levy this would result in a real property tax of approximately $2,274. It is anticipated that the assessed value will increase by $1,568,647 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $35,344 annually. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for a period of 15 years, or such shorter time as may be required to amortize the TIF bond, but would be used for eligible private redevelopment costs to enable this project to be realized.
Tax revenue. According to a 2013 analysis by Xxxxxxxxxx & Xxxxxxxx, the stadium is expected to generate direct annual tax revenue of approximately $700,000. That includes the real estate revenue on a stadium that is expected to cost $35 million to develop (the Xxxxxxxxxx & Xxxxxxxx analysis assumed a publicly owned stadium so did not include real estate revenue in its estimated total).
Tax revenue. 8.1 Ka:’yu:’k’t’h’/Che:k’tles7et’h’ First Nations own source revenue from taxes for a Fiscal Year will be calculated as the sum of:
(a) taxes received in that Fiscal Year by Ka:’yu:’k’t’h’/Che:k’tles7et’h’ First Nations pursuant to an agreement with Canada or British Columbia to share tax room or tax revenues;
(b) taxes other than the taxes referred to in paragraph 8.1(a) levied and received by Ka:’yu:’k’t’h’/Che:k’tles7et’h’ First Nations under any law enacted by Ka:’yu:’k’t’h’/Che:k’tles7et’h’ First Nations Government; and
(c) any fines, interest or penalties levied and received by Ka:’yu:’k’t’h’/Che:k’tles7et’h’ First Nations in respect of a tax referred to in this paragraph.
Tax revenue. 8.1 Toquaht Nation own source revenue from taxes for a Fiscal Year will be calculated as the sum of:
(a) taxes received in that Fiscal Year by Toquaht Nation pursuant to an agreement with Canada or British Columbia to share tax room or tax revenues;
(b) taxes other than the taxes referred to in paragraph 8.1(a) levied and received by Toquaht Nation under any law enacted by Toquaht Nation Government; and
(c) any fines, interest or penalties levied and received by Toquaht Nation in respect of a tax referred to in this paragraph.
Tax revenue. Increasing tax revenues, including sales tax, property tax, business license tax, parking tax, and utility user’s tax;
Tax revenue. 8.1 Uchucklesaht Tribe own source revenue from taxes for a Fiscal Year will be calculated as the sum of:
(a) taxes received in that Fiscal Year by Uchucklesaht Tribe pursuant to an agreement with Canada or British Columbia to share tax room or tax revenues;
(b) taxes other than the taxes referred to in paragraph 8.1(a) levied and received by Uchucklesaht Tribe under any law enacted by Uchucklesaht Tribe Government; and
(c) any fines, interest or penalties levied and received by Uchucklesaht Tribe in respect of a tax referred to in this paragraph.
Tax revenue. This project will increase the total tax revenue more than four-fold. • Presently the site generates $94,000 in municipal tax revenue. Stage 1 projected revenue is $412,000. At full buildout, the projected net PILOT revenue to the Town is
