CO2 Tax definition

CO2 Tax. As defined in Section 17.2.
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CO2 Tax means any new or additional taxes, levies or other like assessments, including occupation, service, production, severance, gathering, transmission, value-added and excise tax and any similar tax, duty, levy, impost or assessment of any kind imposed by any Governmental Authority or other taxing authority, together with any interest, fine, penalty, credit or rebate thereof or additional amounts with respect thereto, whether disputed or not, specifically related to emissions of CO2, the scope of which includes the Contract Volumes; provided that “CO2 Tax” shall not include any Oil and Gas Tax.
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Examples of CO2 Tax in a sentence

  • Shipper hereby agrees to indemnify, defend and hold harmless Gatherer from and against any and all Losses arising out of or related to any CO2 Tax except as provided herein.

  • Two-thirds of CO2 Tax revenues are used for used as reductions on social security contributions (SSCs) for businesses, and as deductions on health care premiums (Swiss Federal Council, 2018[22]), resulting in a total amount of CHF 716 million for such measures.

  • Redoing computation of oil accounting to lead to an accurate and honest 2 Ian Parry, Raise $100 Billion from a $20 CO2 Tax, 123 TAX NOTES 243 (April, 2009), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1517474description of oil profits 3 would increase the price of the oil and help the necessary shift to other forms of energy.

  • Gatherer will provide Shipper with prompt notice of any legislation or regulation requirement related to the CO2 Tax and as soon as practicable thereafter, consult with Shipper concerning a commercially and operationally feasible proposed project scope to meet such requirement and the anticipated, reasonable costs and expenses of executing such scope.

  • On average6 for the years 2026-2035,62 the figure below shows an approximation of the annual NPVRR7 impact of the CO2 pricing for each of the coal units by scenario: Figure 10Average Annual NPVRR Impact of CO2 Tax for Coal Units by Scenario ($ ) Years 2026-2035 61 NIPSCO response to Peabody 1-001 at Attachment A.

  • Norway has several legislative arrangements in place in order to help reduce emissions of greenhouse gases, such as the Pollution Control Act, the Greenhouse Gas Emissions Trading Act, the CO2 Tax Act, and the Petroleum Act, as well as requirements under the Planning and Building Act.

  • It is assumed around 11% of CO2 Tax revenues are also earmarked for such programmes.

  • As part of the Green Fiscal Reform (Reforma Fiscalidade Verde) in 2015, most CO2 Tax revenues are used to reduce income taxes for households (with large families).

  • In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to Beijing Arbitration Commission for arbitration, in accordance with its Arbitration Rules.

  • According to Miner- gie, returns on investments after 7 years;• In Switzerland, financial subsidies are delivered by each canton;• The "Building Program" can finance renovation if following Minergie but also renewa- ble energies and is financed from the Swiss CO2 Tax (budget: 280 to 300 Million of CHF each year);• Some banks deliver attractive credits for Minergie constructions or refurbishment.

Related to CO2 Tax

  • input tax , in relation to a vendor, means—

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property and (b) is complementary to a sales tax.

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • municipal tax means property rates or other taxes, levies or duties that a municipality may impose;

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Transfer Tax means all transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection with the transactions contemplated under this Agreement.

  • FATCA Withholding Tax means any U.S. federal withholding tax imposed or collected pursuant to Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • REO Tax As defined in Section 3.17(a).