Economic Activity Taxes definition

Economic Activity Taxes shall have the meaning ascribed to such term in Section 99.805 of the TIF Act.
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Economic Activity Taxes shall have the meaning ascribed to such term in Section 99.805 of the TIF Act, but not including any taxes that are excluded from tax increment financing by Missouri law.
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Economic Activity Taxes means those revenues deposited in a separate segregated account within the Special Allocation Fund consisting of fifty percent (50%) of the total additional revenue from taxes, penalties and interest which are imposed by the City or other “taxing districts” (as that term is defined in Section 99.805 (16), RSMo) and which are generated by economic activities within a redevelopment project area over the amount of such taxes generated by economic activities within the redevelopment project area in the calendar year prior to the year that such redevelopment project and the collection of TIF Revenues (as defined in the Redevelopment Agreement) were approved by ordinance, as more fully defined in the Redevelopment Plan Amendment and the Redevelopment Agreement.
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Examples of Economic Activity Taxes in a sentence

  • Consideration of acceptance of the Economic Activity Taxes Report, and other matters related thereto.

  • The City shall comply with all applicable state laws limiting disclosure of sales tax information related to individual businesses provided to the City as documentation of Economic Activity Taxes.

  • Payment due dates for EATs (Economic Activity Taxes) vary depending on the tax, and, in some cases, the amount of sales taxes generated.

  • Consideration of approval of Economic Activity Taxes Report, and other matters related thereto.

  • City shall comply with all applicable state laws limiting disclosure of sales tax information related to individual business provided to the City as documentation of Economic Activity Taxes.

  • Source: State of Maryland Out-of-Home Placement and Family Preservation Resource Plan, FY2011.

  • In addition to the Payments in Lieu of Taxes described herein, (i) pursuant to Section 99.845 of the TIF Act, fifty percent (50%) of Economic Activity Taxes shall be allocated to, and paid by the local political subdivision collecting officer to the City Treasurer or other designated financial officer of City, who shall deposit such funds in the Economic Activity Account within the Special Allocation Fund.

  • The City shall take responsibility for collecting Economic Activity Taxes payable by each taxing district using its normal procedures.

  • City, following reasonable research and investigation, using independent consultants, accountants and counsel shall certify the nature and amount of Economic Activity Taxes payable by each Taxing District from which Economic Activity Taxes are due, or as otherwise required by the procedures and requirements of the Taxing District from time to time established.

  • These obligations are to be paid from Phase 2 Economic Activity Taxes (EATs) revenues in excess of 125% of the debt service payments of the related tax increment and sales tax revenue bonds.


More Definitions of Economic Activity Taxes

Economic Activity Taxes fifty percent (50%) of the total additional revenue from taxes which are imposed by City or other Taxing Districts, which are generated by economic activities within the Redevelopment Project Areas, while Tax Increment Financing remains in effect, as provided for in the Act but excluding those taxes, licenses, fees, or special assessments identified in Section 99.845.3 of the Act, other than payments in lieu of taxes, until the designation is terminated pursuant to Subsection 2 of Section 99.850 of the Act.
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Economic Activity Taxes or "EATs," the total additional revenue from taxes which are imposed by the City, and other Taxing Districts and which are generated by economic activities within the Redevelopment Project Area over the amount of such taxes generated by economic activities within the respective Redevelopment Project Area in the calendar year prior to the adoption of the Ordinance designating the respective Redevelopment Project Area, while Tax Increment Financing remains in effect, but excluding personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, taxes levied pursuant to Section 70.500, RSMo, taxes levied for the purpose of public transportation pursuant to Section 94.660, RSMo, licenses, fees or special assessments. If a retail establishment relocates within one (1) year from one facility to another facility within the County and the City Council finds that the relocation is a direct beneficiary of Tax Increment Financing, then for purposes of this definition the Economic Activity Taxes generated by the relocated retail establishment shall equal the total additional revenues from Economic Activity Taxes which are imposed by the City or other Taxing Districts over the amount of Economic Activity Taxes generated by the retail establishment in the calendar year prior to its relocation to the applicable Redevelopment Project Area.
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Economic Activity Taxes means fifty percent of the total additional revenues from
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Economic Activity Taxes means the total additional revenue received by the City on or after J anuary 1, 2002, from taxes which are imposed by the City and other taxing districts and which are generated by economic activities within the Project Site, over the amount of such ta xes generated by economic activities within the Project Site in calendar year 1999, but excluding personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels and sales taxes imposed by Section 162.1100.5, RSMo. Economic
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Economic Activity Taxes means the total additional revenue received by the City on or after January 1, 2002, from taxes which are imposed by the City and other taxing districts and which are generated by economic activities within the Project Site, over the amount of such taxes generated by economic activities within the Project Site in calendar year 1999, but excluding personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels and sales taxes imposed by Section 162.1100.5, RSMo. Economic Activity Taxes shall take into account any payments in lieu of taxes made or received with respect to any of the foregoing taxes.
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Economic Activity Taxes means fifty percent (50%) of the total additional revenue from taxes, penalties and interest which are imposed by the municipality or other taxing districts, and which are generated by economic activities within the Development Parcel in the calendar year prior to the adoption of the TIF Ordinance, while tax increment financing remains in effect, but excluding personal property taxes, 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, or taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, licenses, fees or special assessments.
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Related to Economic Activity Taxes

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.