Admissions Tax definition
Examples of Admissions Tax in a sentence
The Admissions Tax (Incremental) Grant is an annual grant in an amount equal to the incremental amount of admissions tax paid for admissions to the Arena pursuant to Chapter 26, Article IX of the City Code, as that statute may be amended from time to time, that is attributable to any increase in the admissions tax rate beyond the rate that applies to the Arena for the Tax Year commencing July 1, 2019.
The PFD shall have the right, through the use of a nationally recognized independent certified public accounting firm selected by the PFD, to audit annually for the prior Lease Year or fiscal year, as applicable, upon ten (10) days’ prior written notice to the Club, all Club records with respect to: (a) Revenue Sharing computations pursuant to Article 5, (b) the Club Creditable Contribution pursuant to Article 7, and (c) Club collection and remission of the Admissions Tax and Parking Tax.
The Sports Authority has imposed the Admissions Tax and the Parking Tax pursuant to resolutions adopted by its Board of Directors.
Subject to section 6.1 of this Cooperation Agreement, the City shall furnish the Authority with funds in the amount so calculated within 60 days following the end of the Fiscal Year in which such taxes were received, and subject to section 6.2.1 of this Cooperation Agreement, the Authority shall deposit the Admissions Tax (Incremental) Grant in the Renewal Work Account in accordance with the Arena Lease.
The next Three Hundred and Forty Thousand Dollars 79 ($340,000.00) of the Admissions Tax revenue shall be paid to the 80 Developer.
As a prerequisite to any obligation by the City and the Authority to pay the Property Tax Grant or the Admissions Tax (Incremental) Grant, the Recipient must request payment of the Property Tax Grant or the Admissions Tax (Incremental) Grant consistent with this Grant Agreement.
In connection with the Incremental Funding Bonds issued by the City, the Tenant shall remit to the City Parking Tax revenues and Admissions Tax revenues, and, if necessary to make the issuance of Incremental Funding Bonds financially feasible, the Tenant shall make Additional Rent payments.
The City hereby warrants and represents that the City has duly and lawfully levied and imposed and has lawfully ordered the collection of the Admissions Tax and the Parking Tax to the full extent permitted by and described in the Act.
The Renter shall be responsible for compliance with Seattle Admissions Tax regulations and payment of any applicable taxes.
The Sports Authority hereby directs HCSCC, and HCSCC hereby agrees, to pay directly to the NRG Trustee at the payment office of the NRG Trustee, all County Admissions Tax Revenues and all Parking Tax Revenues collected by HCSCC during the Funding Term.