Examples of Services Special Tax in a sentence
Commencing with Fiscal Year 2019-2020 and for each following Fiscal Year, the CFD Administrator shall determine the Special Tax Requirement for Services and shall provide for the levy of the Services Special Tax until the total Services Special Tax levy equals the Special Tax Requirement for Services.
On each July 1, commencing on July 1, 2020, the Maximum Services Special Tax shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.
The Assigned Services Special Tax above shall be applicable for Fiscal Year 2019-2020, and shall increase thereafter, commencing on July 1, 2020, and on each July 1 thereafter in an amount estimated to fund the Special Tax Requirement for Services for the Fiscal Year commencing on such July 1.
However, in no case shall the Assigned Services Special Tax for Developed Property exceed the applicable Maximum Services Special Tax for Developed Property in any Fiscal Year.
Furthermore, the Services Special Tax levied against each Assessor’s Parcel within a Final Residential Subdivision shall be based on the number of residential dwelling units for which building permits have been issued or are expected to be issued for such Assessor’s Parcel, as determined by the CFD Administrator based on such Final Residential Subdivision of other available documents.
The Services Special Tax shall be levied and collected in perpetuity beginning in the Transition Year.
The Services Special Tax shall be levied in perpetuity to fund the Special Tax Requirement for Services.
The Contingent Services Special Tax may not be levied on Undeveloped Property.
However, in no case shall the Assigned Services Special Tax for an Assessor’s Parcel of Developed Property exceed the applicable Maximum Services Special Tax for such Assessor’s Parcel of Developed Property in any Fiscal Year.
Services Special Tax Prior to the Transition Year, there shall be no Services Special Tax levied on Expected Taxable Property.