Sales Tax Credit definition

Sales Tax Credit means the credit against the Town’s Sales Tax in the amount of 1.10% on Taxable Transactions, as implemented pursuant to the Sales Tax Credit Ordinance.
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Sales Tax Credit and “Sales Tax Credits” mean as described in Section 4.1A.
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Examples of Sales Tax Credit in a sentence

  • However, with the introduction of the Federal Sales Tax Credit in 1986 and the Goods and Services Tax Credit in 1989, the percentage of the elderly population filing tax returns has increased.

  • This balance increases monthly with flow of County Sales Tax Credit Revenue.

  • Notwithstanding any language in any agreement to the contrary, if upon payment in full of the District Bonds, the Town determines that termination of the Sales Tax Credit may be precluded by or require a refund of the Sales Tax under Article X, Section 20 of the Colorado Constitution, the Town may submit a written request to Developer to continue to impose the Credit PIF.

  • Notwithstanding the foregoing, the Town shall not remit any Pledged Tax Revenue to the Bond Trustee beyond the period the duration of the Sales Tax Credit within the Phase the Target is located as provided in Section 5.2. The District Bond Documents shall provide that any such Pledged Tax Revenue so remitted by the Town to the District Bond Trustee shall be pledged to the payment of the District Bond Requirements.

  • No objection to the proposed development subject to the attachment of two conditions relating to Foul Water and Surface Water.

  • The Sales Tax Credit shall not apply to any King Soopers that is opened in the Project and the Town shall collect and retain all Sales Tax from any such King Soopers, without deduction or offset.

  • Landlord hereby discloses to Tenant that Landlord is entering into this Lease individually and as nominee for Nisan 4, a joint venture (“Nisan 4”), that all rent payments are to be made to Landlord and that Landlord shall be responsible for distributing rent to Nisan 4.

  • In the event the Sales Tax Credit and/or Accommodations Tax Credit established herein or the Credit PIF is determined by a final court decision to be unconstitutional, void, invalid, or ineffective for any cause, retailers shall immediately be required to collect and remit the full City Sales Tax as required by the Code and providers of accommodations shall immediately be required to collect and remit the full City Accommodations Tax as required by the Code.

  • In order to implement the Sales Tax Credit, and as a condition precedent to the effectiveness of this Agreement, the Town shall adopt an ordinance granting the Sales Tax Credit against the collection of Sales Tax on Taxable Transactions, in an amount equal to one and ten one-hundredths percent (1.10%) in substantially the form set forth as Exhibit D attached hereto (the “Sales Tax Credit Ordinance”).

  • In the event that District Bonds are not issued and District Pledged Revenues are applied to the payment or reimbursement of Eligible Costs in accordance with Section 4.7, the Sales Tax Credit shall terminate upon payment or reimbursement of Eligible Costs in an aggregate principal amount of $28,800,000 plus the payment or reimbursement of all Town Costs and Pre-Financing Costs in amounts not exceeding the amounts set forth in Sections 4.3(b) (iii) and 4.3(b) (iv).

Related to Sales Tax Credit

  • Input Tax Credit means the credit of input tax;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Sales Taxes has the meaning set forth in Section 3.2.

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • VAT means value added tax.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Agreement sales and use tax means a tax imposed under: (a) Subsection 59-12-103(2)(a)(i)(A);

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • 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.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Base Tax Year means the property tax levy year used

  • input tax , in relation to a vendor, means—

  • agricultural produce means any produce, whether of the soil or otherwise of stock-farming or of fisheries;

  • GST means Goods and Services Tax charged on the supply of material(s) and services. The term “GST” shall be construed to include the Integrated Goods and Services Tax (hereinafter referred to as “IGST”) or Central Goods and Services Tax (hereinafter referred to as “CGST”) or State Goods and Services Tax (hereinafter referred to as “SGST”) or Union Territory Goods and Services Tax (hereinafter referred to as “UTGST”) depending upon the import / interstate or intrastate supplies, as the case may be. It shall also mean GST compensation Cess, if applicable.

  • Sales and Use Taxes means local and State sales and compensating use taxes and fees imposed pursuant to Article 28 of the New York State Tax Law, as the same may be amended from time to time.