Available Sales Taxes definition

Available Sales Taxes means the amount of Sales Tax actually and lawfully received by the City from the Texas Comptroller of Public Accounts attributable to gross taxable sales at the Restaurant during each calendar year or portion thereof during the Term of this Agreement.
Sample 1Sample 2Sample 3
Available Sales Taxes means the amount of sales tax actually and lawfully received by the City from the Texas Comptroller of Public Accounts arising from a one-percent (1.0%) sales and/or use tax levied by or for the City of Burleson on gross taxable sales at the Development during each calendar year or portion thereof during the Term of this Agreement, and including, without limitation, any sales/use tax paid by Larkspur or Tenant which results in sales and/or use tax revenues to the City. For purposes of this Agreement, Available Sales Taxes shall only include sales and/or use taxes levied and collected exclusively for special purposes (specifically Type A and Type B Corporations) created and operating under the Development Corporation Act, codified in subtitle C1 of Title 12, Texas Local Government Code. It shall not include transit districts, or any sales and/or use tax levied by or for the City that exceeds one percent (1.0%). “Available Sales Taxes” shall include any taxes or other impositions authorized by the State of Texas in the future which are intended to replace sales and/or use tax revenues currently available to the City. If the City, at its discretion, ever elects to levy less than a one percent (1%) sales tax, but is allowed by law to collect a sales tax of one percent (1%) or more, then “Available Sales Taxes” shall mean the amount of sales taxes actually received by the City of Burleson arising from the actual sales and/or use tax levied on gross taxable sales at the Development.
Sample 1Sample 2Sample 3
Available Sales Taxes means the amount of Sales Tax actually and lawfully received by the City from the Texas Comptroller of Public Accounts attributable to
Sample 1

Examples of Available Sales Taxes in a sentence

  • Both parties acknowledge that as of the Effective Date of this Agreement, the Sales Tax Disclosure and disbursement of Available Sales Taxes for the prior calendar year to City by Comptroller is expected to occur no sooner than March 1 of each calendar year.

  • For purposes of this Agreement, Available Sales Taxes shall only include sales and/or use taxes levied and collected exclusively for special purposes (specifically Type A and Type B Corporations) created and operating under the Development Corporation Act, codified in subtitle C1 of Title 12, Texas Local Government Code.

  • Larkspur agrees to provide a release to the City that will allow the Texas Comptroller of Public Accounts (the “ Comptroller”) to release information to the City that documents the amount of Available Sales Taxes collected by the Comptroller for the City from the Development (the “Sales Tax Disclosure”).

  • As cosmic-ray parti- cles interact with the rock and lose energy, their flux is reduced.

  • Sales Tax Rebate would include the General Fund portion (1%) and the Burleson Community Service Development Corporation portion – 4B (1/2%) • Sales Tax Rebate would be capped at $500,000 • The City shall make Grant Payments to Razzoo’s in annual installments equal to one hundred percent (100%) of Available Sales Taxes received by the City for the prior calendar year of the restaurant’s operation.

  • Following receipt of the Sales Tax Disclosure and the receipt of Available Sales Taxes by City, City shall pay RAZZOO’S the annual installment of Grant Payments due hereunder, subject to the terms and provisions of this Agreement, within 60 days.

  • The City shall make Grant Payments to RAZZOO’S in annual installments equal to one hundred percent (100%) of Available Sales Taxes received by the City for the prior calendar year of the restaurant’s operation.


More Definitions of Available Sales Taxes

Available Sales Taxes means the amount of Sales Tax actually and lawfully received by the City from the Texas Comptroller of Public Accounts attributable togross taxable sales at the Restaurant during each calendar year or portion thereof during the Term of this Agreement.
Sample 1
Available Sales Taxes means the amount of sales tax actually and lawfully received by the City from the Texas Comptroller of Public Accounts arising from a one-percent (1.0%) sales and/or use tax levied by or for the City of Xxxxxxxx on gross taxable sales for tenants in the Development during each calendar year or portion thereof during the Term of this Agreement, and including, without limitation, any sales/use tax paid by OTS and/or its tenants which results in sales and/or use tax revenues to the City. “Available Sales Taxes” shall include any taxes or other impositions authorized by the State of Texas in the future which are intended to replace sales and/or use tax revenues currently available to the City. If the City, at its discretion, ever elects to levy less than a one percent (1%) sales tax, but is allowed by law to collect a sales tax of one percent (1%) or more, then “Available Sales Taxes” shall mean the amount of sales taxes actually received by the City of Xxxxxxxx arising from the actual sales and/or use tax levied on gross taxable sales at the Development. For purposes of this Agreement, Available Sales Taxes shall not include sales and/or use taxes levied and collected exclusively for special purposes (such as a Type A or B Corporation) created and operating under the Development Corporation Act, codified in subtitle C1 of Title 12, Texas Local Government Code, transit districts, or any sales and/or use tax levied by or for the City that exceeds one percent (1.0%).
Sample 1
Available Sales Taxes shall include any taxes or other impositions authorized by the State of Texas in the future which are intended to replace sales and/or use tax revenues currently available to the City. If the City, at its discretion, ever elects to levy less than a one percent (1%) sales tax, but is allowed by law to collect a sales tax of one percent (1%) or more, then “Available Sales Taxes” shall mean the amount of sales taxes actually received by the City of Xxxxxxxx arising from the actual sales and/or use tax levied on gross taxable sales at the Development. For purposes of this Agreement, Available Sales Taxes shall not include sales and/or use taxes levied and collected exclusively for special purposes (such as a Type A or B Corporation) created and operating under the Development Corporation Act, codified in subtitle C1 of Title 12, Texas Local Government Code, transit districts, or any sales and/or use tax levied by or for the City that exceeds one percent (1.0%).
Sample 1
Available Sales Taxes means the amount of sales taxes actually received by the City of Xxxxxxxx arising from the actual sales and/or use tax levied on gross taxable sales at the Development. For purposes of this Agreement, Available Sales Taxes shall not include sales and/or use taxes levied and collected exclusively for special purposes (such as a Type A or B Corporation) created and operating under the Development Corporation Act, codified in subtitle C1 of Title 12, Texas Local Government Code, transit districts, or any sales and/or use tax levied by or for the City that exceeds one percent (1.0%).
Sample 1

Related to Available Sales Taxes

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Available Revenues means all monies on deposit from time to time (including investment earnings thereon) in (a) the PILOTS Account; and (b) subject to annual appropriation, the EATS Account that have been appropriated to the repayment of TIF Notes, excluding (i) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer or (ii) any sum received by the City which is the subject of a suit or other claim communicated to the City which suit or claim challenges the collection of such sum.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Net Sales Proceeds means, in the case of a transaction described in clause (i)(A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(B) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (i)(C) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company or the Operating Partnership from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (i)(D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage on or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(E) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (ii) of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one (1) or more Assets within one hundred eighty (180) days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company or the Operating Partnership in connection with such transaction or series of transactions. Net Sales Proceeds shall also include Refinancing Proceeds and any other amounts that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale. Net Sales Proceeds shall not include any reserves established by the Company, which shall be determined by the Board in its sole discretion.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

  • Base Taxes means Taxes for the calendar year specified as the Base Year in the Basic Lease Information.

  • Gross Profits means the gross profits calculated under section 4;

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).