Maximum Special Tax Revenue definition

Maximum Special Tax Revenue means the greatest amount of revenue that can be collected in total from a group of parcels (such as developed parcels) by levying the Maximum Special Tax.

Examples of Maximum Special Tax Revenue in a sentence

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  • The CFD Maximum Special Tax Revenue is shown in Attachment 2 of this RMA and may be reduced due to prepayments in future Fiscal Years.

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  • At no time shall the distribution of the Maximum Special Tax upon subdivision or reconfiguration of a Parcel result in Total Maximum Special Tax Revenue that is lower than the Required Revenue.

  • The Administrator shall then (i) apply the Base Special Tax to each Land Use to calculate the Maximum Special Tax for the Parcel, (ii) add the Maximum Special Tax for the Parcel to the Total Maximum Special Tax Revenue, and (iii) levy the Special Tax on the Parcel(s) pursuant to this RMA in the next Fiscal Year and all future Fiscal Years unless a prepayment is received to fully release the Parcel(s) from the Special Tax obligation.

  • Step 3: The Administrator shall prepare and keep on file an updated Attachment 2 that adds the annexed property and identifies the Expected Land Uses and revised Expected Maximum Special Tax Revenue for the CFD.

  • Using the provisions of Section 4, determine the Maximum Special Tax Revenue for all Taxable Parcels by assigning the Maximum Annual Special Tax to each Taxable Parcel.

  • For example: • The Bloomington, Indiana Assistant Economic Development Director for the Arts is responsible for the Bloomington Entertainment and Arts District, which is central to Bloomington’s economic development strategy.• The St. Cloud, Minnesota Arts Commission is part of the Planning Department and oversees development and execution of the City's Community Cultural Arts Plan.

  • Compute the total Maximum Special Tax that could be collected from the Assessor’s Parcel prepaying the Special Tax in the Fiscal Year in which prepayment would be received by the County or, in the event of a prepayment pursuant to Step 3 in Section D, compute the amount by which the Expected Maximum Special Tax Revenue would be reduced by the Land Use Change and use the amount of this reduction as the figure for purposes of this Step 1.

  • If the aggregate Maximum Special Tax for all Successor Parcels is less than the Maximum Special Tax assigned to the Original Parcel, and such reduction would reduce the Total Maximum Special Tax Revenue to an amount less than the Required Revenue, then the Administrator shall increase the amount calculated for each Successor Parcel in Step 2 proportionately until the Total Maximum Special Tax Revenue after the subdivision is equal to the Required Revenue.

Related to Maximum Special Tax Revenue

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • 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.

  • Base Tax Year means the property tax levy year used

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

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

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

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

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

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • 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.

  • Backup Annual Special Tax means the Special Tax of that name described in Section E.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

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

  • Property tax increment means the amount obtained by: