Incremental Tax Revenues definition

Incremental Tax Revenues means the Real Property Tax Revenues and the Sales Tax Revenues.
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Incremental Tax Revenues is defined in Section III(A).
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Incremental Tax Revenues means revenues which consist of (a) PILOTS derived from the Redevelopment Area, (b) Economic Activity Tax Revenues received by the City with respect to the Redevelopment Area and (c) the New State Revenues received by the City with respect to the Redevelopment Area.
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Examples of Incremental Tax Revenues in a sentence

  • 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.

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

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

  • Incremental Federal Tax Revenues Incremental Tax Revenues (Federal) Ongoing Operations C1 At the municipal level, the assessed value increases due to a new integrated entertainment complex in C1 and an expanded facility at Woodbine are estimated to generate an additional $19 million and $15 million in property taxes respectively.

  • EDGE will allocate between 50% and 75% of the Incremental Tax Revenues for the TIF Project.

  • The City shall retain 5% of the Incremental Tax Revenues to pay for the City Project, except that if the City Project does not commence within sixty (60) months of the date of the filing of the Certificate of Substantial Completion by the South Project Developer with the City in accordance with Section 4.07, such 5% of Incremental Tax Revenues shall be used to reimburse the Developer’s Redevelopment Project Costs in accordance with Section 6.01.

  • All Incremental Tax Revenues from the North Project shall be deposited into the North Project Account of the Tax Increment Fund.

  • The City shall retain 5% of the Incremental Tax Revenues to pay for the City Project, except that if the City Project does not commence within sixty (60) months of the date of the filing of the Certificate of Substantial Completion by the Developer with the City in accordance with Section 4.07, such 5% of Incremental Tax Revenues shall be used to reimburse the Developer’s Redevelopment Project Costs in accordance with Section 6.01.

  • Amounts collected above this amount may be used to reimburse Developer for eligible TDD Costs otherwise not reimbursed by Incremental Tax Revenues.

  • Uses of Incremental Tax Revenues Pursuant to RSA 162-K, the Town of Durham will issue bonds or other appropriate debt instruments up to the amount of $850,000 to pay for the design and construction of the Phase 1 wastewater & water system improvements.


More Definitions of Incremental Tax Revenues

Incremental Tax Revenues means that amount of real property taxes collected from real property located within the Redevelopment District that is in excess of the amount of real property taxes collected from the Base Year Assessed Valuation, determined in accordance with the TIF Act and the Project Plan.
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Incremental Tax Revenues means the Property Tax Revenues and the Sales Tax Revenues, less any amount paid under protest until the protest is withdrawn or resolved against the taxpayer and any sum received by the City that is the subject of a lawsuit or other claim communicated to the City which suit and claim challenge the collection of such sum.
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Incremental Tax Revenues means the amounts of ad valorem taxes, if any, determined in accordance with Section 7.1 hereof, collected in each year in the Redevelopment Project Area and deposited upon receipt by the Town in the Special Tax Allocation Fund, and shall include the proportionate amount of any increased ad valorem taxes due to the late payment of such taxes.
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Incremental Tax Revenues means the property tax revenues generated from the Plan Area after consideration of the Base Tax Amount and the allocation of tax revenues to municipal debt service which shall be distributed as follows:
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Incremental Tax Revenues means, collectively, Incremental City Sales Tax Revenues and Incremental State Sales Tax Revenues.
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Incremental Tax Revenues means, when received by the City, the ad valorem taxes collected from real property located within the Project Area that are in excess of the amount of real property taxes which were collected from the Base Year Assessed Valuation for such property, as determined in accordance with the Act and the laws of the State.
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Related to Incremental Tax Revenues

  • 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 Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Increment means the difference between:

  • Incremental income tax means the total amount withheld

  • Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

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

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

  • Property tax increment means the amount obtained by:

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

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • 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 Amount has the meaning set forth in Section 4.01(b)(i).

  • 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

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