Incremental Tax definition

Incremental Tax or "Incremental Taxes" means Incremental Property Taxes and any other lawful taxes estimated to be generated within the Project Area including, but not limited to, incremental local sales taxes and incremental hotel taxes.
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Incremental Tax has the meaning specified in Section 7.3(e)(iii).
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Incremental Tax means an amount equal to the excess, if any, of (a) the amount of the U.S. federal, state and local income Taxes imposed or to be imposed on the Shareholders or the Company (including the California 1.5% S corporation tax) as a result of the Section 338(h)(10) Election over (b) the amount of the U.S. federal, state and local income, Taxes that would have been imposed on the Shareholders in connection with the sale of shares of the Company and shall be based upon the Purchase Price Allocation determined under Section 7.10(g). “Indebtedness” means, without duplication with any other item listed in this definition or included in the definition of “Transaction Expenses” or any items actually taken into account in the calculation of
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Examples of Incremental Tax in a sentence

  • Average Incremental Tax Deductions per Housing Unit to Meet the 2009 and 2012 IECC Building Energy Codes A.7 ConclusionPNNL determined total employment and labor income impacts of implementing the residential provisions of the 2009 and 2012 IECC building energy codes in each analyzed state by aggregating all three categories of job creation (direct, indirect, induced) produced by the IMPLAN input-output model of the state’s economy.

  • Incremental Tax Rebate Agreement Background Of Subject Matter Additional Background Recommendation TypeBudgetedDue to certain extraordinary costs for the developer to redevelop the property, the Village has offered to reimburse certain developer's costs & provide stormwater assistance.

  • The Parties agree that such reimbursement shall be made only on a Pay As You Go basis solely from Incremental Tax Revenues.

  • A.19 A.12 Average Incremental Tax Deductions per Housing Unit to Meet the 2009 and 2012 IECC Building Energy Codes .....................................................................................................

  • Average Incremental Tax Deductions per Housing Unit to Meet the 2009 and 2012 IECC Building Energy Codes ...................................................................................................................

  • As a result of the public improvements being financed with Incremental Tax Revenues and the TDD Sales Tax, the City agrees not to charge any administrative service fees in connection with the administration and other City costs of the Incremental Tax Revenues and TDD Sales Tax.

  • Any and all annual payments to a Front End Developer from Incremental Tax Revenue will not be paid until the City has reviewed and confirmed that all that taxes imposed pursuant to part 10 of the Municipal Government Act, R.S.A. c.

  • For example, if a project contains two lots each with an Incremental Tax Revenue of $250,000, then the Total Incremental Tax Revenue would be$500,000.

  • As there are no known tax changes from the level reflected in the Board-approved base rates, the Incremental Tax Savings is $nil.

  • All Incremental Tax Revenues shall be deposited into the Tax Increment Fund.


More Definitions of Incremental Tax

Incremental Tax means an amount equal to the excess, if any, of (a) the amount of the U.S. federal, state and local income Taxes imposed or to be imposed on the Seller as a result of the sale of the Purchased Interests pursuant to this Agreement as a result of the Restructuring, over (b) the amount of the U.S. federal, state and local income, Taxes that would have been imposed on the Shareholders in connection with the sale of shares of the Former Corporation; provided, however, that this calculation shall be determined assuming (i) the value allocated as the consideration with respect to the Company’s fixed assets is determined in accordance with Section 7.10(g) of this Agreement; (ii) this calculation shall include any Taxes related to the deemed sale of accounts receivable; and (iii) this calculation shall not include the Performance Reserve Escrow Amount.
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Incremental Tax means the manufacturer's current year Vermont income tax liability minus the manufacturer's Vermont income tax liability for the last full tax year ending before January, 1993, or the average of the manufacturer's Vermont income tax liability for the last two or three full tax years ending before January, 1993, as the manufacturer elects. For any manufacturer with no pre-1993 full-year income tax liability, "incremental tax" shall mean its current year Vermont income tax liability minus 80 percent of its first full year Vermont income tax liability. In the case of two or more organizations, trades or businesses owned or controlled directly of indirectly by the same interests, the commissioner may determine the manufacturer's incremental tax, if necessary, clearly to reflect the manufacturer's income. "Vermont income tax liability" for purposes of this subsection shall mean such tax liability determined without regard to net operating or capital losses from other years, and without regard to any credits." [Company] and two affiliated corporations, [Company] and [Company], have filed a consolidated Vermont income tax return for the year ending September 1995 as authorized by 32 V.S.A. §5862(c). For each of the last three years ending before January 1993 the companies filed separate returns [ Company] indicated that it did not have activity in Vermont which would subject it to Vermont tax in the year ending September 1992).
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Incremental Tax means any Taxes attributable to the Section 338(h)(10) Election (including, without limitation, any recapture under Code Section 1245 and any LIFO inventory recapture under Code Section 1363, but not including any Taxes on built-in gains under Code Section 1374) which reduce Sellers' after-tax cash proceeds from the sale of the Shares pursuant to the transactions contemplated by the terms of this Agreement to an amount less than that amount determined by subtracting: (x) the Taxes that would have been imposed on the amount of gain calculated to be the difference between the Closing Cash and the tax basis, as computed for U.S. Income Tax purposes, of Sellers in all of their Shares if the Section 338(h)(10) Election had not been made (such amount as computed in this subparagraph (x) reflects the Tax liability which the Sellers would have incurred in a stock sale transaction without the Section 338(h)(10) Election) from (y) the Closing Cash. In the event that the Purchaser and Sellers cannot agree which Taxes are attributable to the Section 338(h)(10) Election or which Taxes would have been imposed on Sellers if the Section 338(h)(10) Election had not been made, the parties will retain an Accounting Firm to make such determinations. The determinations of such Accounting Firm shall be dispositive. For purposes of computing "Incremental Taxes," Sellers shall provide to Purchaser the computations of the tax basis which Sellers' determined for their Shares. Purchaser shall have the right to review such computations and all supporting schedules and other information related thereto.
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Incremental Tax means an amount equal to the excess, if any, of (a) the amount of the U.S. federal, state and local income Taxes imposed or to be imposed on the Seller as a result of the sale of the Purchased Interests pursuant to this Agreement as a result of the Restructuring, over (b) the amount of the
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Related to Incremental Tax

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

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

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

  • Tax Increment means the difference between:

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

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

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

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • Incremental Term Note shall have the meaning provided in Section 2.05(a).

  • Incremental Increase has the meaning specified in Section 2.16(a).

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

  • Incremental income tax means the total amount withheld

  • Incremental Income Taxes is defined in Section 6.9.

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.