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 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.

  • 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.

  • 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.

  • One of the innovative initiatives that the City of Quesnel has implemented is the Regional Airport Revitalization Tax Exemption Program Bylaw No. 1740 of 2014.

  • For greater certainty, under no circumstanceswill 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.

  • Page 4 of 6 Regular Council Meeting Monday, July 15, 2019 245-19 Moved: Councillor Santori Sec'd: Councillor ButlerThat letters be sent to the Lower Columbia Initiatives Corporation, the Trail and District Chamber of Commerce and the Greater Trail Community Futures Development Corporation advising of the Revitalization Tax Exemption Program and requesting that the program information be shared as appropriate.Carried unanimously.

  • MOVED/SECONDED the City of Terrace amend and approve 3rd Reading of a Bylaw to establish a Revitalization Tax Exemption Program for the Downtown.

  • 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.

  • Revitalization Tax Exemption Program: - continuedThe Bylaw provides tax relief for a period of 5 years, with a renewal period of a further 5 years.

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).

  • 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.

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—

  • 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).

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

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

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

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

  • Qualified Census Tract means any Census tract which is designated by the Secretary of Housing and Urban Development as having 50 percent or more of the households at an income level which is less than 60 percent of the Area Gross Median Income in accordance with Section 42(d)(5) of the Code.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • 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.

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

  • Market Abuse Regulation means Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended or replaced from time to time;

  • Certified laboratory means a laboratory that is on an approved list issued by us.

  • Participating Clinical Laboratory means a Clinical Laboratory which has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

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

  • Plan Assets Regulation means 29 C.F.R. Section 2510.3-101, et seq., as modified by Section 3(42) of ERISA.

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

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

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

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

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

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • Participating Retail Health Clinic means a Retail Health Clinic which has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.