Local option tax definition

Local option tax or “local option taxes” means the taxes imposed by Iowa Code chapter 423B.
Local option tax means a tax described under section 11 (4) or (7)(c), Article XI of the Oregon Constitution.
Local option tax means all local option tax receipts received by the Issuer pursuant to Iowa Code Section 423B.7 as authorized pursuant to the special City election held on May 3, 2016.

Examples of Local option tax in a sentence

  • Local option tax collections shall not be included in the computation of the total tax to determine the frequency of filing under Iowa Code section 422.52.The local option sales and service tax can be imposed upon the unincorporated area of any county only if a majority of those voting in the area favor its imposition.

  • Local option tax collections shall not be included in computation of the total tax to determine frequency of filing under Iowa Code section 423.31.This rule is intended to implement Iowa Code section 423B.6.ITEM 6.

  • Local option tax is authorized by the State of Vermont through its statutes and the only restriction is that the proceeds must be used toward municipal purpose.

  • Local option tax collections shall not be included in the computation of the total tax to determine the frequency of filing under Iowa Code section 422.52.

  • Local option tax revenue was higher this quarter than last quarter.

  • Local option tax could help provide funding for a number of current and future projects.

  • Local option tax election in SeptemberThe governing body must enact a resolution or ordi- nance by June 30 adopting the budget and making appropriations.

  • Business conduct, 1.1,1.27, 1.41, 1.42(6) IAB 1/12/00 ARC 9600A SECRETARY OF STATE[721] Signature requirements for nomination petitions for supervisor candidates, 21.601 IAB 1/12/00 ARC 9604A (See also ARC 9603A herein) Local option tax election, 21.800(3), 21.803(4) IAB 12/29/99 ARC 9560A West Conference Room—4th Floor Wallace State Office Bldg.

  • The city now has a clearer picture on where our finances are and where we are going to sit theoretically when we close the books out not on September 30th as there will be some accrued income that will come in October and early November with our Local option tax for August and September and our Sales Tax revenue when the books are complete for FY 2021 as well as$100,00.00 from LTHAC we will get in October.

  • Rick McGuire reported:• Local option tax report shows revenues to be significantly higher (over $100,000) from the same quarter in past years.• Budget meetings begin December 8th with the operating budget.


More Definitions of Local option tax

Local option tax means a tax de- scribed under section 11 (4) or (7)(c), Article XI of the Oregon Constitution.
Local option tax means all of the tax receipts collected by the County from the local option sales and services tax imposed in accordance with Chapter 423B of the Code of Iowa and Ordinance No.95-2, duly adopted by the Board of Supervisors of Pottawattamie County, Iowa with respect thereto, as authorized pursuant to the special election held on November 8,
Local option tax means any tax imposed by a Kansas county upon any transaction occurring

Related to Local option tax

  • non-taxable territory means the territory which is outside the taxable territory;

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of any of the Transactions to qualify for the Intended Tax Treatment of such Transaction.

  • Other Connection Taxes means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

  • Transaction Tax Deductions means any Tax deductions, whether accruing before, on or after the Closing Date, relating to (a) any pay down or satisfaction of Indebtedness in connection with the Merger, (b) the payment or incurrence of any Transaction Expenses, and (c) any other deductible payments attributable to the Merger and economically borne by Sellers. For this purpose, any success-based fees shall be treated as deductible in accordance with the seventy percent safe-harbor election in Rev. Proc. 2011-29.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated July 19, 2004 as supplemented by the prospectus supplement dated July 26, 2004, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Swiss Withholding Tax means any withholding tax in accordance with the Swiss Federal Statute on Anticipatory Tax of 13 October 1965 (Bundesgesetz uber die Verrechnungssteuer) and any successor provision, as appropriate.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Top-Up Option has the meaning set forth in Section 1.4(a).

  • Non-Income Tax means any Tax other than an Income Tax.

  • Canadian Taxes has the meaning specified in Section 10.05.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • PAGA Penalties means the total amount of PAGA civil penalties to be paid from the Gross Settlement Amount, allocated seventy-five percent (75%) to the LWDA and the twenty-five percent (25%) to the Aggrieved Employees in settlement of PAGA claims.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.