Incremental Sales Taxes definition

Incremental Sales Taxes means, for each Fiscal Year or portion thereof during the period of time specified in the Public Financing Documents, the portion of the Sales Taxes derived from the Site that is in excess of the Sales Tax Base Amount, less an administrative fee retained by the Authority equal to one percent of such excess.
Sample 1
Incremental Sales Taxes means those annual Sales Taxes in excess of the base annual sales tax generated to the Village of $115,000 in the Sales Tax Participation Period (the “Base Annual Sales Tax”).
Sample 1
Incremental Sales Taxes means the difference between the sales tax baseline and new sales tax remittances;
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Examples of Incremental Sales Taxes in a sentence

  • As such, the use of Sales Tax Increment is hereby authorized pursuant to Section 31-25-107 (9), C.R.S., which is by this reference incorporated herein as if set forth in its entirety, but any such pledge of Sales Tax Increment by the Authority in a Development or Redevelopment Agreement shall not be authorized until a separate Cooperation Agreement between the Authority and the Town setting forth the allocation of Incremental Sales Taxes between the Town and the Project.

  • The State shall pay the Incremental Sales Taxes to the Escrow Agent annually at such time as such payments would otherwise be payable to the Metropolitan Government in accordance with T.C.A. Section 7-88-106(b), and the Escrow Agent shall deposit such payments in the Additional Revenues Account.

  • The agreement contemplates a STAR Bond issuance for all of the costs of this project to occur in the fourth quarter of 2014, based on the Incremental Sales Taxes created by the Village West retail and entertainment area, after the existing STAR Bonds for Village West have been fully retired.


More Definitions of Incremental Sales Taxes

Incremental Sales Taxes means the amount of the existing general unpledged local option sales tax, i.e., ½ of 1%, from the Project Area that is in excess of the amount of local option sales tax received by the City in the calendar year preceding the Project Plan Effective Date from the Project Area and that is received by the City following the later of the date the Company receives title to the Project Area or the Project Plan Effective Date.
Sample 1
Incremental Sales Taxes means the incremental state and local sales taxes derived from the Gaylord Tourist Development Zone which are payable to the general fund of the Metropolitan Government pursuant to the provisions of Tennessee Code Annotated Section 7-88-106(b).
Sample 1

Related to Incremental Sales Taxes

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Tax Increment means the difference between:

  • Sales Taxes has the meaning set forth in Section 3.2.

  • Incremental Income Taxes is defined in Section 6.9.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Property tax increment means the amount obtained by:

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Tax increment financing acts means 1975 PA 197, MCL 125.1651 to 125.1681, the tax increment finance authority act, 1980 PA 450, MCL 125.1801 to 125.1830, the local development financing act, 1986 PA 281, MCL 125.2151 to 125.2174, the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2672, or the corridor improvement authority act, 2005 PA 280, MCL 125.2871 to 125.2899.

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Recurring Revenue Loan means a Collateral Loan that meets each of the following criteria as of the date of acquisition by the Borrower, subject to waiver by the Administrative Agent in accordance with the definition of Eligible Collateral Loan hereto (for the avoidance of doubt, if any Collateral Loan does not meet the below listed conditions, but such failure is waived by the Administrative Agent, such Collateral Loan shall still be subject to the Advance Rates, Concentration Limitations and Revaluation Events applicable to Recurring Revenue Loans set forth herein):

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Operating Costs means the incremental expenses incurred by the Recipient’s implementing agencies on account of Project implementation, management, and monitoring, including office space rental, utilities, and supplies, bank charges, communications, advertising, vehicle operation, maintenance, and insurance, building and equipment maintenance costs, travel and supervision costs, and salaries of supporting staff, but excluding salaries of officials of the Recipient’s civil service.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).