Shared Revenue definition
Examples of Shared Revenue in a sentence
The Utility Shared Revenue program is the program by which the Wisconsin Department of Revenue (“DOR”) distributes some revenues collected under the generator licensee fee to counties and municipalities.
The anticipated Utility Shared Revenue Payment amounts compare favorably to the current property tax revenues generated from the land used for the Project.
Neither the Utility nor their direct or indirect owners or affiliates shall take any affirmative action, including lobbying, to directly or indirectly interfere, impede, eliminate, or reduce the Utility Shared Revenue program in effect or the amounts paid to the Local Governments under such program.
Based on the Wisconsin Utility Shared Revenue program, the Parties estimate the Project will generate up to $1,655,000 annually over its useful life, unrestricted aid1 that may be used for any activity approved by the local governing body.
Parties acknowledge that the Oconomowoc Area School District and Waukesha County Technical College (WCTC) currently receive property tax revenue in the approximate amounts of $414.72/year and $19.66/year (the “School Taxes”) totaling $434.38 annually from local property tax levies against the Project land through property tax payments based on 2020 tax bills and assessments, but they do not directly receive Utility Shared Revenue Payments.