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”).

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 Redevelopment 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.

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.

Examples of Incremental Sales Taxes in a sentence

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.
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 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 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).

Incremental Sales Taxes means the difference between the sales tax baseline and new sales tax remittances;

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 means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.
Property tax increment means the amount obtained by:
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.
Royalty Payments has the meaning set forth in Section 7.3.1.
Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).
Incremental Term Loan has the meaning set forth in Section 2.14(b).
Incremental Term Loans has the meaning specified in Section 2.14(a).