Examples of State Sales Tax Boundary in a sentence
Such overlap is difficult to avoid because the majority of courses do not define the concepts and topics included in their curricula in full detail.
However, for redevelopment project areas for which bonds were issued before July 29, 1991, or for which contracts were entered into before June 1, 1988, in connection with a redevelopment project in the area within the State Sales Tax Boundary, the estimated dates of completion of the redevelopment project and retirement of obligations to finance redevelopment project costs may be extended by municipal ordinance to December 31, 2013.
The Committee may advise the governing Board of the municipality and other municipal officials regarding development issues and opportunities within the redevelopment project area or the area within the State Sales Tax Boundary.
The Committee may also promote and publicize development opportunities in the redevelopment project area or the area within the State Sales Tax Boundary.
Once a property is removed from the State Sales Tax Boundary because of the existence of a property tax abatement resulting from an enterprise zone, then that property shall not be permitted to be amended into a State Sales Tax Boundary.
However, Eor redevelopment project areas Eor whichbonds were issued beEore July 29, 1991, or Eor which contracts were entered into beEore June 1, 1988, in connection with a redevelopment project in the area within the State Sales Tax Boundary, the estimated dates oE completion oE the redevelopment project and retirement oE obligations to Einance redevelopment project costs may be extended by municipal ordinance to December 31, 2013.
However expenditures of all municipal property tax increment and municipal sales tax increment in a redevelopment project area are not required to be spent within the smaller State Sales Tax Boundary within such redevelopment project area.
Any municipality required by subsection (9) to establish a State Sales Tax Boundary for one or more of its redevelopment project areas shall submit all necessary information required by the Department concerning such boundary and the retailers therein, by October 1, 1989, after complying with the procedures for amendment set forth in Sections 11-74.4-5 and 11-74.4-6 of this Act.
Net State Sales Tax Increment produced within the State Sales Tax Boundary shall be spent only within that area.
For any redevelopment project area with a smaller State Sales Tax Boundary within its area, the municipality may annually elect to deposit the Municipal Sales Tax Increment for the redevelopment project area in the special tax allocation fund and shall certify the amount to the Department prior to receipt of the Net State Sales Tax Increment.