Qualified Target definition
Examples of Qualified Target in a sentence
WDDF shall submit employment and wage documentation audited by a third party Certified Public Accountant (CPA) or, if approved by city, the Qualified Target Industry Tax Refund (QTI) claim application or alternate equivalent documentation acceptable to OTTED.
In addition, if the Closing Date occurs after July 1, 2001, the Purchase Price shall be increased by one dollar for every dollar that the Sellers' Qualified Decommissioning Fund exceeds the Qualified Target, but only to the extent such excess results from a contribution required by federal Income Tax law or the terms of the trust agreement applicable to such fund to be made to the Sellers' Qualified Decommissioning Fund by any Seller after the date hereof.
The Company’s additional general fund tax revenue paid to Miami-Dade County must be equal to or greater than the Company’s TJIF award less the County’s portion of any Florida Qualified Target Industry incentive the Company may be receiving for the same project.
While a Company can receive both a tax refund under the State of Florida Qualified Target Industry Program and a TJIF award at the same time, it cannot receive more than an amount equal to what it has paid-in under the project at any time.
The Targeted Jobs Incentive Fund is an initiative fashioned by The Beacon Council and Miami-Dade County and patterned after the State of Florida Qualified Target Industry Tax Refund Program (QTI).
Any industry designated as a “Target industry business” under the State of Florida’s Qualified Target Industry (“QTI”) program, Section 288.106(1) of the Florida Statues.
This incentive can only be used for companies that are not participating or in the process of applying for the State’s Qualified Target Industry Tax Refund (QTI) Program, however, the base wage of newly hired employees must meet the (QTI) Tax Credit Refund wage criteria to qualify for this grant, annually adjusted.
Program Payments shall be made in conjunction with the Qualified Target Industry payments.
Notwithstanding the foregoing, the Accounts and Inventory of the Qualified Target shall not be included in Eligible Accounts and Eligible Inventory until a field audit of Qualified Target has been satisfactorily completed, including the establishment of Reserves required in Agent's reasonable credit judgment to address the incrementally adverse effect of laws applicable to a Qualified Target located outside of the United States of America.
POOL shall be entitled to a credit in the first year of this Agreement for the Qualified Target Industry Tax Refund offered by the State of Florida based on 160 jobs; provided however, this credit shall be limited to the 80% that would be paid by the State of Florida.