Sales Tax Increment definition

Sales Tax Increment means Sales Tax Revenues collected by the City in excess of the Sales Tax Base Amount.

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Sales Tax Increment means the increment of sales tax revenues generated by the City’s 1% sales tax on the Property each year that is paid to the City and then remitted to the Authority, which is calculated by deducting the Sales Tax Base Amount from the total sales tax revenues generated by the City’s 1% sales tax on the Property in the fiscal year.

Sales Tax Increment means, on an annual basis, the difference between the Sales Tax Base and the amount of Sales Tax actually generated by a participating Automobile Dealership and received by the City from the State Board of Equalization. It shall be determined by reference to actual receipts. For new Dealerships, all Sales Tax received by the City shall be deemed to be Sales Tax Increment unless adjustments or additional conditions are incorporated into a Participation Agreement. Under no circumstances shall the City be liable for providing City Assistance in the event that, or to the extent that, Sales Tax Increment is not actually received and retained by the City.

Examples of Sales Tax Increment in a sentence

Authority shall maintain accurate records of all City Sales Tax Increment Revenues received or allocated to Authority, and all amounts expended, assigned or paid therefrom, and of all documentation supporting such expenditures, assignments and payments, in accordance with generally accepted accounting practices and in a format that will permit audit, for a period of not less than three (3) years after the last expenditure, assignment or payment.
The City hereby agrees to pursue all of the lawful procedures and remedies available to the City in order to collect the sales taxes giving rise to the City Sales Tax Increment Revenues, and to cause such revenues to be applied in accordance with this Cooperation Agreement.
In accordance with the Act and the Supplemental Public Securities Act, such pledge by Authority shall create a lien on the Property Tax Increment Revenues and the City Sales Tax Increment Revenues received by Authority which shall take effect immediately without any physical delivery, filing, or further act.
The City and the Authority agree that increases in City sales tax proceeds derived by reason of (a) any increase in the percentage of such City taxes generally, (b) any change in the percentage of such City taxes with regard to specific taxable items, or (c) any extension of such City taxes to items or transactions that are not currently taxable, shall be retained by the City and no portion thereof shall constitute City Sales Tax Increment Revenues.
Proceeds of such bonds, net of costs of issuance, capitalized interest and reserve fund deposits, shall be disbursed in a manner that assures that the City Sales Tax Increment Revenues shall be used for no purpose other than financing the eligible costs of designing and constructing the Public Improvements.

More Definitions of Sales Tax Increment

Sales Tax Increment means the difference between the base sales tax and the present sales tax;

Sales Tax Increment means, on a quarterly basis, the amount of Sales Tax actually generated by the Approved Business and received by the City from the State Board of Equalization after the Effective Date. It is determined by reference to actual receipts by the City of Sales Tax from the State Board of Equalization. Under no circumstance shall the City be liable for any reimbursement of Sales Tax Increment not actually received and permanently retained by the City. Sales Tax Increment shall not include (i) Penalty Assessments; (ii) any administrative fee charged by the California State Board of Equalization; or (iii) any Sales Tax attributable to any transaction not consummated within the Term of this Agreement.

Sales Tax Increment means, for each Fiscal Year subsequent to the creation of the Sales Tax Increment Area, all Sales Tax Revenues in excess of the Sales Tax Base Amount and paid to the Authority by the City; provided that such amount shall be reduced by costs and expenses of the City for such Fiscal Year of enforcing the Sales Tax in the Sales Tax Increment Area and collecting the Sales Tax Revenues as allowed by State statute, including the pro-rata share of uncollectible Sales Tax Revenues to be absorbed by DURA for such Fiscal Year as set forth in this Cooperation Agreement.

Sales Tax Increment means for any quarter the METRO Sales Tax minus the Sales Tax Base.

Sales Tax Increment means the portion of Sales Tax Revenues in excess of Base Year Sales Tax.

Sales Tax Increment means the net new sales tax revenues generated by sales within the boundaries of the CAC, using as the baseline a base rate of 2.25% and the amount of tax revenue received in the twelve (12) months immediately preceding the Effective Date.

Sales Tax Increment means the net new sales tax revenues generated by sales within the boundaries of the CAC, using as the baseline a base rate of 2.25%. The sales tax revenue amount for the purposes of establishing the Sales Tax Increment shall be the amount of sales tax revenue for calendar year 2010.