Sales Tax Base Amount definition

Sales Tax Base Amount means the total collection of sales taxes levied at the rate of 2.25% within the TIF Area for the applicable twelve-month period in accordance with Section 31-25-107(9)(a)(I) of the Act.

Sales Tax Base Amount means the actual collection of sales tax revenues generated by the City’s 1% sales tax on the Property during the twelve (12) month period immediately preceding the month of adoption of the Plan.

Sales Tax Base Amount means such amount as may be lawfully determined to be the total collections of Sales Tax (net of vendor’s fees) within the Urban Renewal Area in the twelve month period ending on the last day of the month prior to the effective date of the approval of the Urban Renewal Plan, as such amount may be proportionately adjusted for an increase in the Sales Tax rate or a change of the vendor’s fee in accordance with Colorado law, which as of the Closing Date is $375,603.

Examples of Sales Tax Base Amount in a sentence

• Unless and until the total Sales Tax Revenues in the Sales Tax Increment Area exceed the Sales Tax Base Amount in such Sales Tax increment Area, as provided in paragraph C(1)(b), above, all such Sales Tax Revenue shall be paid into the funds of the City.

• It allocates 53.65% of the Pledged Sales Tax Base Amount to COFINA, and the remainder to the Commonwealth.

• Moreover, there would be significant negative consequences for the Commonwealth and its stakeholders if the Commonwealth did not prevail in litigating the Commonwealth-COFINA Dispute, as the Commonwealth would be deprived of access to any portion of the approximately $783 million Pledged Sales Tax Base Amount, which annual amount increases over time.

• The interests of the Commonwealth and all of its stakeholders are served by a final resolution of the question of Commonwealth access to the Pledged Sales Tax Base Amount and elimination of the chance of complete inaccessibility of such funds pending full payment of existing COFINA bonds.

• Although it will be more convenient to stay at the host facility, some attendees may choose to stay elsewhere.

More Definitions of Sales Tax Base Amount

Sales Tax Base Amount means $0 or such other amount as may be lawfully determined by the City to be the total collections of Sales Taxes within the Urban Renewal Project Area for the twelve-month period immediately preceding the original adoption of the Urban Renewal Plan or any modification thereof.

Sales Tax Base Amount means $0, which is the total collection of Sales Taxes within the Project area in the twelve month period ending on the last day of the month prior to the effective date of approval of the Plan of Development.

Sales Tax Base Amount means $0.00, which is the total collection of general fund municipal sales taxes levied at the rate of 2.0% within the Urban Renewal Area in the twelve- month period ending on the last day of the month prior to the effective date of the approval of the Urban Renewal Plan, in accordance with C.R.S. §31-25-107(9)(a)(I).

Sales Tax Base Amount means $0.00, which is the total collection of general fund municipal sales taxes levied at the rate of 2.0% within the Urban Renewal Area in the twelve- month period ending on the last day of the month prior to the effective date of the approval of the Urban Renewal Plan, in accordance with Section 31-25-107(9)(a)(I) C.R.S.

Sales Tax Base Amount means $567,400 or such other amount as may be lawfully determined by the City to be the total collections of Sales Taxes within the Urban Renewal Project Area for the twelve-month period ending on the last day of the month immediately prior to the effective date (as originally approved) of the Urban Renewal Plan.

Sales Tax Base Amount means for purposes of this Agreement $ .

Sales Tax Base Amount means for the Phase 1 Area and for the Phase 2 Area such amount as may be lawfully determined by the City to be the total collections of Sales Taxes within the applicable phase of the Urban Renewal Project Area for the twelve-month period immediately preceding the original adoption of the Urban Renewal Plan or any modification thereof, subject to adjustment as set forth in the Act.