Exemption Year definition

Exemption Year means the calendar year for which the exemption is sought;

Exemption Year means, for any Parcel, any calendar year in which Improvements would be taxable but for the exemption from taxation pursuant to the TIF Ordinance.

Exemption Year means each tax year for which an exemption is provided for any Parcel of the Property pursuant to the TIF Ordinance. “Full Stabilization” means that both of the following have been satisfied: (i) certificates of occupancy have been issued for the office tower, the hotel, the residential tower, the residential liner units, and the parking garage constructed as part of the Project, and (ii) thirty percent (30%) of the retail space has been turned over by the landlord to the respective tenants.

Examples of Exemption Year in a sentence

• Not later than March 31 of the sixth Exemption Year (the “Reconciliation Date”), the Developer shall determine if the actual Initial Value (including both the actual Abated Value and actual Non-Abated Value) for the first tax year for which the Project achieves Full Stabilization differs from the estimates reflected on Exhibit C.

• The County shall cause to be paid Annual School District TIF Compensation to the School District for each Exemption Year during the Term, solely from the Service Payments deposited into the TIF Fund.

• The Additional Compensation shall be paid to the School District semi-annually, no later than 30 days after the Developer receives TIF payments from the City resulting from settlement between the County Fiscal Officer and the County Treasurer for each of the first half and second half settlements for each Exemption Year.

• A TNC should be permitted to apply as an Access Provider in a geographic area if the TNC qualifies for an offset or exemption in that geographic area and certifies that the TNC’s collected fees during the applicable quarter or Exemption Year were exhausted to provide WAV services.

• The Commission concludes that it is reasonable that a TNC may apply as an Access Provider in a geographic area if the TNC qualifies for an exemption in that geographic area and certifies that the TNC’s collected fees during the Exemption Year were exhausted to provide WAV services.

More Definitions of Exemption Year

Exemption Year means any calendar year in which the Project would be taxable but for the municipal authorization and finalization of a Community Reinvestment Area Agreement Ohio Revised Code Sections 3735.67 (B) and (D). "New Employee" shall include all employees who are first employed at the project site and who have not been subject to the Municipality municipal income tax within the previous two years on income derived from employment from CVR prior to being employed at the project site. "New employee" does not include any person hired to replace a person who is not a “new employee”. "Base Employment" shall be the number of employees located at the project site immediately prior to the finalization of the Community Reinvestment Area Agreement. "Base Payroll" shall be the annualized salary of all employees located at the project site immediately prior to the finalization of the Community Reinvestment Area Agreement.

Exemption Year means the year the Exemption applies.

Exemption Year means each tax year for which a TIF Exemption is provided for any Parcel of the Property pursuant to the TIF Resolution.

Exemption Year means any calendar year in which the Project would be subject to full real property taxes but for the City authorization and finalization of the CRA Agreement.

Exemption Year means any calendar year in which the Project would be taxable but for the municipal authorization and finalization of a Community Reinvestment Area Agreement Ohio Revised Code Sections 3735.67 (B) and (D).

Exemption Year means each tax year in which an exemption is granted for property in the Community Reinvestment Area pursuant to the CRA Ordinance and the CRA Agreement.

Exemption Year means any calendar year in which the Project would be taxable but for the municipal authorization and finalization of the TIF Ordinance.