Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805 of the Act) and which are generated by economic activities within the Redevelopment Area over the amount of such taxes generated by economic activities within the Redevelopment Area in the calendar year prior to the adoption of tax increment financing within the Redevelopment Area, but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and taxes imposed pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, and any other taxes excluded from tax increment financing by Missouri law.
Economic Activity Tax Revenues means fifty percent (50%) of the total additional revenue from sales taxes which are imposed by the City or other taxing districts, and which are generated by economic activities within the Redevelopment Area on a lot, block, tract or parcel over the amount of such taxes generated by economic activities within the Redevelopment Area in the calendar year prior to the adoption of tax increment financing related to the applicable lot, block, tract or parcel, while tax increment financing remains in effect, but excluding (i) taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and (ii) personal property taxes, other than Payments in Lieu of Taxes, all as determined in accordance with the Act.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805( 1 2) of the Act) and which are generated by economic activities within the Chesterfield Commons Sub-Area over the amount of such taxes generated by economic activities within the Chesterfield Commons Sub Area in the calendar year ending December 31 , 1996 (subject to annual appropriation by the City as provided in the Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms
Examples of Economic Activity Tax Revenues in a sentence
Collection of Payments in Lieu of Taxes and Economic Activity Tax Revenues 22Section 610.
Taxes and, subject to annual appropriation as provided herein, the Economic Activity Tax Revenues.
Collection of Payments in Lieu of Taxes and Economic Activity Tax Revenues 24Section 610.
Payments in Lieu of Taxes shall be deposited into the PILOTS Account of the Special Allocation Fund; subject to annual appropriation, all Economic Activity Tax Revenues shall, as and when received by the City, be paid and deposited into the Economic Activity Tax Account of the Special Allocation Fund; and all New State Revenues shall, as and when received by the City, be paid and deposited into the New State Revenues Account of the Special Allocation Fund.
City to Issue Notes and Execute Indenture 18 Covenant to Request Appropriations 18 Performance of Covenants 18 Instruments of Further Assurance 18 General Limitation on City Obligations 19 Recording and Filing 19 Possession and Inspection of Books andDocuments 19 Tax Covenants 19 Collection of Payments in Lieu of Taxes and Economic Activity Tax Revenues 20 Enforcement of Agreement.
More Definitions of Economic Activity Tax Revenues
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805 of the Act) and which are generated by economic activities within RPA 1 over the amount of such taxes generated by economic activities within RPA 1 in the calendar year prior to the adoption of tax increment financing within RPA 1, but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and taxes imposed pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, and any other taxes excluded from tax increment financing by Missouri law.
Economic Activity Tax Revenues means, subject to annual appropriation by the City as provided in the TIF Act, fifty percent (50%) of the total additional revenue from taxes imposed by the City and other taxing districts (as that term is defined in Section 99.805 of the TIF Act) which are generated by economic activities within the Redevelopment Area over the amount of such taxes generated by economic activities within the Redevelopment Area in the calendar year ending December 31, 2004, but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels; licenses; fees or special assessments, other than payments in lieu of taxes; personal property taxes; and taxes levied for the purpose of public transportation pursuant to Section 94.660, RSMo, as amended, and excluding any sales tax imposed by the Transitional School District of the City of St. Louis.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805 of the TIF Act) and which are generated by economic activities within RPA 2 over the amount of such taxes generated by economic activities within RPA 2 in the calendar year ending December 31, 2002 (subject to annual appropriation by the City as provided in the TIF Act), but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and taxes levied for the purpose of public transportation pursuant to Section 94.660, RSMo. and the TIF Portion of TDD Revenues.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805(16) of the TIF Act) and which are generated by economic activities within the Redevelopment Project Areas over (i) the amount of such taxes generated by economic activities within the Redevelopment Project Areas in the calendar year ending December 31, 2005, and (ii) economic activity taxes generated by any Relocated Retail Establishment in the calendar year prior to its relocation to the Redevelopment Project Areas, (subject to annual appropriation by the City as provided in the TIF Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments, other than payments in lieu of taxes, and personal property taxes and taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, and amounts reimbursed to any district providing emergency services within the Redevelopment Area, to the extent required by Section 99.847 or 99.848 of the TIF Act or, in lieu thereof, such amount as may be set forth in a cooperative agreement between the City and any such district , to the extent that such sum is not paid from the PILOTS Account.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805( 1 2) of the Act) and which are generated by economic activities within the Chesterfield Grove Sub-Area over the amount of such taxes generated by economic activities within the Chesterfield Grove Sub-Area in the calendar year ending December 31 , 1996 (subject to annual appropriation by the City as provided in the Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and personal property taxes, other than payments in lieu of taxes.
Economic Activity Tax Revenues means 50% of the total additional revenue from taxes imposed by the City or any other taxing districts (as defined in Section 99.805 of the TIF Act), including the CID, and which are generated by economic activities within RPA-1 of the Redevelopment Area over the amount of such taxes generated by economic activities within RPA-1 of the Redevelopment Area in the calendar year ending December 31, 2011, but excluding therefrom any utility taxes, any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, taxes levied pursuant to Section 70.500 of the Revised Statutes of Missouri, as amended, licenses, fees or special assessments other than payments in lieu of taxes and penalties and interest thereon, personal property taxes, taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, or any other license, tax or fee exempted from tax increment financing by State law. Pursuant to Section 99.845 of the Revised Statutes of Missouri, as amended, beginning on August 28, 2014, if the voters in a taxing district (as defined in the TIF Act) vote to approve an increase in the taxing district’s levy rate, other than the renewal of an expiring sales or use tax, any additional revenues generated within RPA-1 that are directly attributable to the newly voter-approved incremental increase in the taxing district’s levy rate shall not be considered “Economic Activity Tax Revenues” without the consent of the taxing district.
Economic Activity Tax Revenues shall have the meaning ascribed to such term in theIndenture.