Special Tax Formula definition

Special Tax Formula means the Rate and Method of Apportionment of Special Tax approved at the election held in the Community Facilities District on July 29, 2015.
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Special Tax Formula means the "Rate and Method of Apportionment" for the District, adopted pursuant to the Resolution of Formation, as may be modified or amended in accordance with the Act.
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Special Tax Formula means the Rate and Method of Apportionment of Special Tax, approved at the election held in the Improvement Area on November 28, 2006.
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Examples of Special Tax Formula in a sentence

  • Interpretation of Special Tax Formula The City Council may, by resolution, interpret this RMA for purposes of clarifying any vagueness or ambiguity in the Special Tax rates, method of apportionment, classification of properties, and definitions applicable to the CFD.

  • The Special Tax Formula does not specify that a parcel, once designated as a Developed Parcel, shall remaina Developed Parcel as defined in the Special Tax Formula.

  • CFD No. 2002-1 issued $12,705,000 in bonds in July 2003 to pay, repay or defease the 1992 Bonds and in favor of the levy of a special tax consistent with the Special Tax Formula on land within the District to pay the principal and interest on the Bonds, to pay administrative expenses of the District, and to make any replenishments to the Bond Reserve Fund.

  • The City does not presently intend to issue bonds in an amount which requires a Special Tax levy on parcels designated as Tentative Map or Undeveloped Property under the Special Tax Formula for repayment, however the City, in its discretion in the future, is allowed to do so under the CFD Fiscal Agent Agreement provided the conditions for the issuance of Additional CFD Bonds set forth in the Fiscal Agent Agreement (described above) are met.

  • A parcel will be designated as an Occupied Parcel either when the administrator has received, in writing, a certification from the builder/developer that the parcel in question is deemed to be occupied by a homeowner (i.e., when the developer wants their transferred parcel to be taxed) or when County records indicate that the parcel has transferred ownership away from a Developer to a Homeowner as defined by the Special Tax Formula.

  • The City may require the consent of the existing deed of trust holders in any CFD to be formed by landowner (rather than registered voter) approval.‌ j) Criteria for Evaluating the Equity of the Special Tax Formula.

  • Criteria For Evaluating The Equity Of The Special Tax Formula With regard to CFDs, the proposed rate and method of apportionment shall comply with the following criteria: 1.

Related to Special Tax Formula

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.

  • Recovered tax increment value means, except as otherwise

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

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

  • Realized Tax Detriment means, for a Taxable Year, the excess, if any, of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a Determination.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Realized Tax Benefit means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the Actual Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination.

  • Backup Annual Special Tax means the Special Tax of that name described in Section E.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

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

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Intended Tax Treatment has the meaning set forth in the Recitals.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.