TDD Sales Tax. The parties hereby agree that Eligible Expenses shall be financed and paid for only with Pay-As-You-Go TDD Financing, payable from revenues received from the imposition of a TDD sales tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the District (the "TDD Sales Tax"). On August 21, 2014, the City delivered a copy of the TDD Resolution to the Kansas Department of Revenue (“DOR”) imposing the TDD Sales Tax effective January 1, 2015. The Developer hereby represents that it has provided to the DOR a list of tenants within the District within the timeframes required by the DOR, so that the DOR was able to notify tenants within the District of the requirement of the tenant to impose a TDD Sales Tax beginning on January 1, 2015. The Developer shall continue to provide ongoing information to the DOR regarding new tenants in the District. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City.
Appears in 4 contracts
Samples: Highlands Village Development Agreement, Highlands Village Development Agreement, Highlands Village Development Agreement
