Revitalization Tax Exemption Program definition

Revitalization Tax Exemption Program means the downtown revitalization tax exemption for Eligible Improvements authorized under Bylaw 3466;
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Revitalization Tax Exemption Program means the program established by this Bylaw to encourage various types of revitalization within the District to achieve a range of economic, social and environmental objectives;(w) "Revitalization Tax Exemption Recapture" means all Municipal Property Tax exempted in respect of a Lot from the period of execution of the Revitalization Tax Exemption Agreement, including a pro rata portion for the year of cancellation, plus interest;(x) "Utility" means the Class 2 - Utility property class prescribed in the Assessment Act, RSBC c. 20 and the Prescribed Classes of Property Regulation, B.C. Reg. as amended or re-enacted from time to time.RATIONALE AND OBJECTIVE S
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Examples of Revitalization Tax Exemption Program in a sentence

  • The director’s responsibilities also include overseeing the nation’s nine regional warehouses and coordinating among different partners supporting the design and implementation of an efficient and integrated health commodity supply chain system.

  • 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.

  • This bylaw may be cited for all purposes as “City of Kelowna Revitalization Tax Exemption Program Bylaw No. 9561”.

  • Council has established objectives in the Financial Plan and Revitalization Tax Exemption Program to support the ongoing redevelopment and revitalization of the downtown to secure the future economic and social health of the city and has determined that a rejuvenated and vibrant downtown commercial core is vital to the success of the local economy and the enhancement of business, social and cultural, government and residential activities.

  • If a property that has benefited from a tax exemption under the Revitalization Tax Exemption Program established by this bylaw ceases to meet all the conditions of the Exemption Certificate, then the Exemption Certificate shall be cancelled and all the taxes which were exempted in respect of that property shall be repaid, plus interest, as if the taxes had never been exempted, and the Collector shall add those taxes to the roll for that property.

  • This bylaw may be cited for all purposes as "Bylaw No. 11976, being Amendment No. 8 to Revitalization Tax Exemption Program Bylaw No. 9561.".

  • To enter into a Revitalization Tax Exemption Agreement for the 'Okanagan Centre for Innovation' in accordance with Revitalization Tax Exemption Program Bylaw No. 9561.

  • The purpose of the Commercial Centre Revitalization Tax Exemption Program (CCRTEP) is to stimulate improvements to buildings within Kitimat’s commercial centres to create a more vibrant commercial centre experience for residents and visitors.

  • The extent of the tax exemptions available under the Revitalization Tax Exemption Program is the municipal portion of the tax increase directly attributable to the increase in assessed value of improvements on the property resulting from the construction as outlined in Section 3(b).

Related to Revitalization Tax Exemption Program

  • 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.

  • 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.

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Governmental Authority (including IRS Notice 2020-65).

  • CAFRA Planning Map means the map used by the Department to identify the location of Coastal Planning Areas, CAFRA centers, CAFRA cores, and CAFRA nodes. The CAFRA Planning Map is available on the Department's Geographic Information System (GIS).

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

  • Municipal Revitalization Index means the 2007 index by the

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Council of Ministers means the Council of Ministers of the Community established by Article 9 of the Treaty;

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Planning Act means the Planning Act, R.S.O. 1990, c. P.13, as amended;

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

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

  • NFIP means the National Flood Insurance Program authorized under the Act.