Examples of Sales Tax Increment in a sentence
Sales Tax Increments are categorized as either Retail Sales Tax Increment or Economic Development Sales Tax Increment, as defined below.
The principal of, interest on, and any premiums due in connection with such bonds, indebtedness, loans or advances may be paid from Property Tax Increment, Sales Tax Increment or any other funds, revenues, assets or properties legally available to the Authority.
All moneys on deposit in the Special Fund, and any other Pledged Property Tax Increment Revenues or Pledged Sales Tax Increment Revenues received by the Authority, will be remitted to the District Bond Trustee in accordance with the terms and provisions of the District Bond Indenture so long as any District Bonds remain outstanding.
Notwithstanding the foregoing, in any fiscal year that the Pledged Sales Tax Increment Revenues are not applied to the payment of the debt service requirements on the District Bonds, no payments shall be due and owing from the Developer to the City pursuant to this Section 4.11.
The City will deposit into the Special Fund the City Sales Tax Increment.