Destination Municipal CVA Taxes definition

Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Property, by the tax rate(s) applicable at that time. The Destination Municipal CVA Taxes shall remain fixed for the purposes of determining the Municipal Tax Increment subject to any adjustments to taxes arising from assessment appeals or changes to the Destination Municipal CVA made by MPAC, and shall remain unchanged for the duration of the term of the Tax Assistance.
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Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the
Sample 1Sample 2Sample 3
Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the returned assessment roll applicable to the first full taxation year following the completion
Sample 1Sample 2Sample 3

Examples of Destination Municipal CVA Taxes in a sentence

  • The Destination Municipal CVA Taxes shall remain fixed for the purposes of determining the Municipal Tax Increment for the Eligible Development subject to any adjustments to taxes arising from assessment appeals or changes to the Destination Municipal CVA made by MPAC through requests for reconsideration, equity changes or gross error, and shall remain unchanged for the duration of the term of the payment of Development Grants for the Eligible Development.

  • Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA's directly attributable to the Eligible Development as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Eligible Development, by the municipal tax rate(s) applicable to the Property and the Eligible Development at that time.

  • However, if, at any time after the Destination Municipal CVA Taxes have been fixed, a property owner successfully appeals the assessment so as to reduce the taxes payable on a property, the Destination Municipal CVA Tax shall be deemed to be the taxes payable as a result of the decision of the appeal body and the Municipal Tax Increment shall be adjusted accordingly for each year to which the decision applies.

  • Destination Municipal CVA Taxes means the Municipal CVA taxes that would be payable upon the first reassessment following development, based on the CVA for the fully developed property/properties, multiplied by the municipal tax rate applicable for that property/properties at that time.

  • The Destination Municipal CVA Taxes shall remain fixed for the purpose of determining the Municipal Tax Increment, subject to any adjustments to taxes arising from assessment appeals or changes to the Destination Municipal CVA made by MPAC through requests for reconsideration, equity changes or gross error, and shall remain unchanged for the duration of the term of the payment of Development Grants.

  • To the extent that Defendant Jack Noble retains any contractor or consultant to perform Restoration Work, monitoring, or any other obligation required under this Consent Decree, Defendant Jack Noble shall condition any such contract upon performance that conforms to the terms of this Consent Decree.

  • Destination Municipal CVA Taxes means the Municipal CVA taxes that would be payable upon the first reassessment following development, at which point the destination taxes shall be fixed based on the CVA for the fully developed property/properties, multiplied by the municipal tax rate applicable for that property/properties at that time.

  • Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Property, by MPAC, by the tax rate(s) applicable for both the municipal and education portions of the property tax for the property, at that time..

  • Municipal Tax Increment means the difference derived from the following calculation for all Eligible Development: Destination Municipal CVA Taxes ( - ) Base Municipal CVA Taxes The Municipal Tax Increment shall be calculated in the first year that the Tax Assistance is provided and shall remain fixed, subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

  • According to information received during the country visit, the Lao PDR allocation in GEF 6 will still contemplate Biosafety as a substantive part of Biodiversity area.


More Definitions of Destination Municipal CVA Taxes

Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA directly attributable to the Eligible Development and the land upon which it is constructed as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Eligible Development, by the tax rate(s) applicable for both the municipal and education portions of the property tax at
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Related to Destination Municipal CVA Taxes

  • MUNICIPAL TAXABLE INCOME means the following:

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

  • Municipal tariff means a tariff for services which a municipality may set for the provision of a service to the local community, and includes a surcharge on such tariff;

  • Municipal Pay Point means any municipal office in the area of jurisdiction of the Municipality designated by Council for such purposes, or any such other places as the Chief Financial Officer may from time to time designate.

  • Basic Municipal Service means a municipal service that is necessary to ensure an acceptable and reasonable quality of life and which, if not provided, would endanger public health or safety or the environment;

  • Municipal Service Area means the geographical area within the legal boundaries of the Municipality where the Company has been granted rights hereunder in connection with, among other matters, Natural Gas Distribution Service, as altered from time to time;

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Basic municipal services means a municipal service necessary to ensure an acceptable and reasonable quality of life, which service – if not provided – would endanger public health or safety or the environment.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Covered Municipal Building means a building or facility that is owned or occupied by the Village that is 1,000 square feet or larger in size.

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Large municipal separate storm sewer system means all municipal separate storm sewers that are either:

  • Municipal separate storm sewer means a conveyance or system of conveyances otherwise known as a municipal separate storm sewer system, including roads with drainage systems, municipal streets, catch basins, curbs, gutters, ditches, manmade channels, or storm drains:

  • Municipal Planning Tribunal means the Municipal Planning Tribunal for the municipal area established in terms of section 33, the joint Municipal Planning Tribunal established in terms of section 45 or the District Municipal Planning Tribunal established in terms of section 49;

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • national competent authority means any national competent authority as defined in Article 2(2) of Regulation (EU) No 1024/2013;

  • municipal council or "council" means the council of a municipality referred to in section 18 of the Municipal Structures Act;

  • Anticipated county property tax revenue availability means the

  • Small municipal separate storm sewer system or "small MS4" means all separate storm sewers that are (i) owned or operated by the United States, a state, city, town, borough, county, parish, district, association, or other public body (created by or pursuant to state law) having jurisdiction over disposal of sewage, industrial wastes, stormwater, or other wastes, including special districts under state law such as a sewer district, flood control district or drainage district, or similar entity, or an Indian tribe or an authorized Indian tribal organization, or a designated and approved management agency under § 208 of the CWA that discharges to surface waters and (ii) not defined as "large" or "medium" municipal separate storm sewer systems or designated under 4VAC50-60-380 A 1. This term includes systems similar to separate storm sewer systems in municipalities, such as systems at military bases, large hospital or prison complexes, and highway and other thoroughfares. The term does not include separate storm sewers in very discrete areas, such as individual buildings.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Municipal Separate Storm Sewer System Management Program means a management program covering the duration of a state permit for a municipal separate storm sewer system that includes a comprehensive planning process that involves public participation and intergovernmental coordination, to reduce the discharge of pollutants to the maximum extent practicable, to protect water quality, and to satisfy the appropriate water quality requirements of the CWA and regulations, and this article and its attendant regulations, using management practices, control techniques, and system, design, and engineering methods, and such other provisions that are appropriate.

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.

  • Municipal separate storm sewer system (MS4 means a conveyance or system of conveyances (including roads with drainage systems, municipal streets, catch basins, curbs, gutters, ditches, man-made channels, or storm drains):