Incremental Sales definition
Examples of Incremental Sales in a sentence
The City and NTIFA shall use commercially reasonable efforts to collect and account for Incremental Sales Tax collections within TIF 4 that are generated outside of the Property.
Within 45 days following the first day of each quarter (January 1, April 1, July 1, and October 1) that CC Trust is eligible for payments of Public Assistance from Incremental Sales Tax Revenues (as defined in Section 5.03 of this Agreement), NTIFA shall provide Developer Parties with documentation of amounts collected as result of those efforts.
To the extent that the Sales Taxes received by the Town from the Target in the Project in any full calendar year exceed the Baseline Tax Revenue (the “Incremental Sales Tax”) and to the extent that there are District Bonds outstanding, the Town shall thereafter, subject to annual appropriation, remit Incremental Sales Tax received from the Town’s 1.10% Sales Tax on Taxable Sales to the District Bond Trustee (“Pledged Tax Revenue”).
Consequently, as a condition to its receipt of Pledged Tax Revenue, Developer shall first obtain the express written consent of Target authorizing the Town to release Sales Tax records for those calendar years necessary to ascertain the Baseline Tax Revenue and Incremental Sales Tax calculations.
Further companies need to satisfy certain additional eligibility criteria which may vary from scheme to scheme in terms of Gross Management Revenue (GMR), Net Worth, Incremental Sales, Domestic Value Addition (DVA), etc.An applicant must meet threshold criteria (i.e. incremental investment) that is a minimum of Rs. 10 crore (MSME) or Rs. 100 crore (Others) and a maximum of Rs. 1,000 crore to be eligible for disbursement of incentive for the year under consideration.