Property tax credit definition

Property tax credit means a credit of the prior tax year’s statewide or local share property tax liability or a homestead owner or renter credit, as authorized under section 6066 of this title, as the context requires.
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Property tax credit means the credit established pursuant to
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Property tax credit means the credit established pursuant to section 4 of P.L.2018, c.11 (C.54:4-66.9).
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Examples of Property tax credit in a sentence

  • Property tax credit (certified by the State Department of Assessments and Taxation) .

  • Do not include special assessments, interest, 6 $penalties and service charges.7 Property tax credit Use the "Computing Your Property Tax Credit" worksheet.

  • Property tax credit based on a percentage of restoration or rehabilitation expenditures.

  • HOMESTEAD REDUCTION - Property tax credit given to senior citizens (age 65 and older), permanently and totally disabled homeowners, and surviving spouses who qualify under an income test.

  • The Electronic Data Processing Equipment Property tax credit must be applied last, after all other tax credits have been applied.

  • Property tax credit will be based on the amount of land from the middle of stream to the outer limits of either Zone 2 or Zone 3.

  • If you checked “No,” continue to Line 6.6 Income tax from Form IL-1040, Line 16 6 | 7 Credit for tax paid to other states from Form IL-1040, Line 19 7 | 8 Property tax credit from Form IL-1040, Line 20b 8 | 9 Education expense credit from Form IL-1040, Line 21b 9 | 10 Add Lines 7, 8, and 9.

  • Additionally, the Smartphone Addiction Scale (SAS) (Kwon et al., 2013) was employed, specifically focusing on Tolerance (questions 3 and 22), Daily Life Disturbance (questions 7 and 9), Overuse (question 8), Positive Anticipation (questions 6 and 10), Cyber- spaced Oriented Relationship (question 11), and Withdrawal (question 21).

  • Property tax credit for disabled veterans - Certification - Distribution.

  • The Machinery & Equipment Property tax credit replacement was permanently eliminated, cutting about $42 million from the budget between 2001 and 2005.


More Definitions of Property tax credit

Property tax credit means the credit established pursuant to section 4 of P.L. , c. (C. ) (pending before the Legislature as this bill).
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Property tax credit means the credit established
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Property tax credit means a credit of the prior tax year’s statewide or local share property tax liability or a homestead owner or renter credit, as
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Property tax credit means a credit of the prior tax year’s
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Related to Property tax credit

  • Property Tax means the general property tax due and paid as set

  • Property Taxes means all real property Taxes, personal property Taxes and similar ad valorem Taxes.

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Premises.

  • County Property Taxes means any property tax obligation on the County's secured or unsecured roll; except for tax obligations on the secured roll with respect to property held by a Contractor in a trust or fiduciary capacity or otherwise not beneficially owned by the Contractor.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Personal Property Taxes All personal property taxes imposed on the furniture, furnishings or other items of personal property located on, and used in connection with, the operation of the Leased Improvements as a hotel (other than Inventory and other personal property owned by Lessee), together with all replacement, modifications, alterations and additions thereto.

  • Anticipated county property tax revenue availability means the

  • Input Tax Credit means the credit of input tax;

  • Income Tax Expense means, with respect to any period, the aggregate of all taxes on income of the Borrower for such period, whether current or deferred and net of any incentive or similar tax credits, determined on a Consolidated basis.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Real means, in the context of offset projects, that GHG reductions or GHG enhancements result from a demonstrable action or set of actions, and are quantified using appropriate, accurate, and conservative methodologies that account for all GHG emissions sources, GHG sinks, and GHG reservoirs within the offset project boundary and account for uncertainty and the potential for activity- shifting leakage and market-shifting leakage.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.