District Sales Tax Revenues definition

District Sales Tax Revenues means the monies actually collected, pursuant to this Agreement and the CID Act, from the imposition of the District Sales Tax.
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District Sales Tax Revenues means tax collections under the Virginia Retail Sales and Use Tax Act
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District Sales Tax Revenues means tax collections under the Virginia Retail Sales and Use Tax Act (§ 58.1-600 et seq.), as limited herein, and as may be amended, generated by construction and transactions taking place within the district. For purposes of this chapter, "district sales tax revenues" shall not include (i) the one percent of the state sales and use tax revenue distributed among the counties and cities of the Commonwealth pursuant to subsection D of § 58.1-638 on the basis of school-age population; (ii) any sales and use tax revenues distributed pursuant to subsection F of § 58.1-638; (iii) the local sales and use tax imposed under §§ 58.1-605 and 58.1-606, which shall be remitted to the Authority under the provisions of subsection B of § 15.2-5835; and (iv) the local sales and use tax imposed under §§ 58.1-605.1 and 58.1-606.1 and used for the construction or renovation of schools.
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Examples of District Sales Tax Revenues in a sentence

  • The District official charged with formulating a budget for the District shall include a request to appropriate the District Sales Tax Revenues in a manner consistent with the Petition and this Agreement in such budget.

  • The District will use the District Sales Tax Revenues to pay Operating Costs and Security Costs and, through the issuance of District Obligations, to reimburse the Developer for Reimbursable Project Costs.

  • If District Sales Tax Revenues are not sufficient to fund the Annual Operating Account Deposit in any given year, such unfunded amount shall be paid by the Developer.

  • If District Sales Tax Revenues are not sufficient to fund the Annual Security Account Deposit in any given year, such unfunded amount shall be paid in the next succeeding year when District Sales Tax Revenues are sufficient.

  • Notwithstanding the foregoing, without the prior written consent of the City, all Trust Indentures must provide for the monthly payment of not less than one– twelfth of payment of the Annual Security Account Deposit from the first application of District Sales Tax Revenues, after the costs of collection.

  • The District agrees to cause the officer of the District at any time charged with the responsibility of formulating budget proposals to include in the budget proposal submitted to the District for each fiscal year that the District Obligations are outstanding, a request for an appropriation of District Sales Tax Revenues for application to the payment of District Obligations in accordance with this Agreement.

  • District Obligations issued by the District for reimbursement of Reimbursable Project Costs shall be payable solely from the District Sales Tax Revenues or proceeds of the District Obligations and not from any other source.

  • Section 5.1. Reimbursement of Costs; Issuance of District Obligations 14 Section 5.2. Limited Obligations 14 Section 5.3. Cooperation in the Issuance of District Obligations 14 Section 5.4. No Other Obligations or Uses of Revenues 15 Section 5.5. District Notes 15 Section 5.6. Application of District Sales Tax Revenues 15 Section 5.7. Conditions Precedent to Issuance of District Obligations 16 Section 5.8. District Bonds 16 Section 5.9. Pledge of District Sales Tax Revenues 16 Section 5.10.

  • Upon the issuance of District Obligations, the District shall, subject to annual appropriation, pledge all District Sales Tax Revenues on deposit in the Trust Fund (less the Collection Fee, if any, the Annual Operating Account Deposit and the Annual Security Account Deposit) to the payment of debt service on the District Obligations in accordance with this Agreement, a Trust Indenture and a resolution approved by the Board of Directors approving the issuance of the District Obligations.

  • The District shall not issue any other indebtedness or obligations secured by the District Sales Tax Revenues generated or to be generated from the District other than District Obligations provided for under this Agreement.


More Definitions of District Sales Tax Revenues

District Sales Tax Revenues means the revenues from the District Sales Tax actually received by the District from the Missouri Department of Revenue.
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District Sales Tax Revenues means the money actually collected, pursuant
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District Sales Tax Revenues means the money actually collected, pursuant to this Agreement and the CID Act, from the imposition of the District Sales Tax. District Sales Tax Revenues shall not include (a) the TIF Costs, (b) if the Missouri Department of Revenue collects the District Sales Tax, the amount retained by the Missouri Department of Revenue for the cost of collecting such tax, (c) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, and (d) any sum received by the District which is the subject of a suit or other claim communicated to the District which suit or claim challenges the collection of such sum.
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Related to District Sales Tax Revenues

  • Net Revenues means the difference between:

  • 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 means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.