Revitalization Tax Exemption definition

Revitalization Tax Exemption means a revitalization tax exemption pursuant to a Revitalization Tax Exemption Certificate;
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Revitalization Tax Exemption means Tax exemption granted under this Bylaw
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Revitalization Tax Exemption means a tax exemption for which a Tax Exemption Certificate has been issued;
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Examples of Revitalization Tax Exemption in a sentence

  • The City is committed under Bylaw 1593, cited as City of Quesnel Revitalization Tax Exemption Program Bylaw and adopted under the provisions of Section 226 of the Community Charter, to provide municipal tax relief to West Fraser Mills Ltd.

  • All communications must be newsworthy and specific to the local chapter, ASHE and/or industry/profession.

  • Revitalization Property Tax Exemption – Quesnel The city of Quesnel, in the province of British Columbia, passed a bylaw in September 2005 to establish the Revitalization Tax Exemption program.

  • Municipal property tax exemptionSection 226 of the Community Charter allows municipalities to implement a Revitalization Tax Exemption to provide a partial or full exemption from municipal property taxes for up to 10 years, to achieve environmental, economic or social objectives.

  • For greater certainty, under no circumstances will the Owner be entitled, under this Agreement, the Bylaw, the Certificate or the Town’s Revitalization Tax Exemption Program, to any cash credit, any carry forward tax exemption credit or any refund for any property taxes paid.

  • Revitalization Tax Exemption (RTE) Engagement Group Highlights The Development, Engineering and Sustainability Director reviewed the highlights from the February 1, 2021 Revitalization Tax Exemption (RTE) Engagement Group meeting and discussed next steps moving forward, which will include bringing future RTE Bylaw amendments to the Development and Sustainability Committee for review followed by public engagement.

  • Subject to the fulfillment of the conditions set out in this Agreement and Bylaw 3466, the City will issue a Revitalization Tax Exemption Certificate to the British Columbia Assessment Authority entitling the Owner to a Tax Exemption for the Tax Years during the Term (the “Tax Exemption Certificate”).

  • CancellationIf any of the foregoing Conditions are not met or the Owner has requested cancellation then the Council may cancel this Revitalization Tax Exemption Certificate.

  • Revitalization Tax Exemption Engagement Group Memo was received for information.

  • The Revitalization Tax Exemption Bylaw in effect at the time of Building Permit application will be the current bylaw.

Related to Revitalization Tax Exemption

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated February 21, 2006 as supplemented by the prospectus supplement dated February 23, 2006, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Prohibited Transactions is defined in ERISA Section 406 and Code Section 4975.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Tax-Exempt Bond means any of a series of the Schwarz Paper Building Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

  • Municipal Revitalization Index means the 2007 index by the

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

  • INHAM Exemption is defined in Section 6.2(e).

  • QPAM Exemption is defined in Section 6.2(d).

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

  • 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.

  • 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.

  • Self-Regulatory Organization means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange.

  • Income Tax Return means any Tax Return relating to Income Taxes.