Old revenues definition

Old revenues means the amount of:

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Old revenues means the amount of local tax revenues received by a taxing district with respect to a development area or a local development area during the last calendar year prior to the commencement date. If the governing body determines that the amount of local tax revenues received during the last calendar year prior to the commencement date does not represent a true and accurate depiction of revenues, the governing body may consider revenues for a period of no longer than three (3) calendar years prior to the commencement date, so as to determine a fair representation of local tax revenues;

Old revenues means the amount of revenues received by any taxing district or the state from a development area in the last year prior to the establishment of the development area;

Examples of Old revenues in a sentence

The Agency shall calculate with reasonable accuracy the Old Revenues for the Base Year, and in doing so, the Agency may make such assumptions as may reasonably be required, so long as those assumptions are properly documented and supported.
The Old Revenues shall be adjusted each year by the percentage increase, if any, of the CPI or a comparable index, or an alternative percentage increase determined appropriate by the Authority as set forth in KRS 154.30- 010.
Because Incremental Revenues are measured by subtracting Old Revenues from New Revenues, a determination of Old Revenue is necessary prior to a distribution of the Increment.
The Authority shall review the information submitted by the Agency with regard to Old Revenues and shall determine, in consultation with the Department of Revenue, the amounts which are deemed to be Old Revenue for the Base Year and indicate any applicable annual adjustments.
The determination of Base Year, Old Revenues and annual adjustments shall be set forth in Exhibit H and incorporated into this Agreement.

More Definitions of Old revenues

Old revenues means the amount of revenues received with respect to a development area:

Old revenues means the amount of revenues received by any taxing district or the

Old revenues means the amount of revenues received with respect to a development area in the last year prior to the commencement date for the development area;

Old revenues means for the City and County the total tax revenues to the City and County from real property ad valorem taxes and occupational taxes (business occupational taxes and payroll taxes) with respect to the Houston Road Area for calendar year 2016 and the occupational taxes with respect to the Erlanger Commerce Center Area for calendar year 2016; and for PDS the total tax revenues to PDS from real property ad valorem taxes with respect to the Houston Road Area in calendar year 2016.

Old revenues means the amount of local tax revenues received by a taxing

Old revenues means the amount of state tax revenues received by the Commonwealth during the calendar year of Preliminary Approval, which is 2017 (the “Base Year”), and shall equal the amount determined in accordance with sections 4.5 and

Old revenues means the amount of Local Tax Revenues received by the City with respect to the Local Development Area during the last calendar year prior to the Commencement Date.