State Sales Tax Increment means an amount equal to the increase in the aggregate amount of taxes paid by retailers and servicemen, other than retailers and servicemen subject to the Public Utilities Act, on transactions at places of business located within a State Sales Tax Boundary pursuant to the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act, except such portion of such increase that is paid into the State and Local Sales Tax Reform Fund, the Local Government Distributive Fund, the Local Government Tax Fund and the County and Mass Transit District Fund, for as long as State participation exists, over and above the Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or the Revised Initial Sales Tax Amounts for such taxes as certified by the Department of Revenue and paid under those Acts by retailers and servicemen on transactions at places of business located within the State Sales Tax Boundary during the base year which shall be the calendar year immediately prior to the year in which the municipality adopted tax increment allocation financing, less 3.0% of such amounts generated under the Retailers' Occupation Tax Act, Use Tax Act and Service Use Tax Act and the Service Occupation Tax Act, which sum shall be appropriated to the Department of Revenue to cover its costs of administering and enforcing this Section. For purposes of computing the aggregate amount of such taxes for base years occurring prior to 1985, the Department of Revenue shall compute the Initial Sales Tax Amount for such taxes and deduct therefrom an amount equal to 4% of the aggregate amount of taxes per year for each year the base year is prior to 1985, but not to exceed a total deduction of 12%. The amount so determined shall be known as the "Adjusted Initial Sales Tax Amount". For purposes of determining the State Sales Tax Increment the Department of Revenue shall for each period subtract from the tax amounts received from retailers and servicemen on transactions located in the State Sales Tax Boundary, the certified Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or Revised Initial Sales Tax Amounts for the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act and the Service Occupation Tax Act. For the State Fiscal Year 1989 this calculation shall be made by utilizing the calendar year 1987 to determine the tax amounts received. For the State Fiscal Year 1990, this calculation shall be made by utilizin...
State Sales Tax Increment means (i) 100% of that portion
State Sales Tax Increment means an amount equal to
Examples of State Sales Tax Increment in a sentence
As such, the Authority is providing support for the Project pursuant to the Resolution and the RTA which is in addition to the support provided by virtue of the Urban Renewal Plan and this Agreement, including, without limitation, the payment of Dedicated State Sales Tax Increment Revenues (as defined in the Pledge Agreement) pursuant to the Pledge Agreement.
It is the intention of the Parties and the Commission that all Eligible Costs shall be paid to or reimbursed to the Authority from Percentage of State Sales Tax Increment Revenue or Bond proceeds to the extent that such revenue is available for such support.
It is expressly agreed by the Parties that no part of the second promissory note in shall be paid by the Authority using the Percentage of State Sales Tax Increment Revenue.
Net State Sales Tax Increment produced within the State Sales Tax Boundary shall be spent only within that area.
Call BBB- 233,966 2,040 Pueblo Urban Renewal Authority, Colorado, State Sales Tax Increment Revenue Bonds, Regional Tourism Project, Series 2017, 3.000%, 6/01/21 No Opt.
More Definitions of State Sales Tax Increment
State Sales Tax Increment means an amount equal to the increase in the aggregate amount of taxes paid by retailers and servicemen, other than retailers and servicemen subject to the Public Utilities Act, on transactions at places of business located within a State Sales Tax Boundary pursuant to the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act, except such portion of such increase that is paid into the State and Local Sales Tax Reform Fund, the Local Government Distributive Fund, the Local Government Tax Fund and the County and Mass Transit District Fund, for as long as State participation exists, over and above the Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or the Revised Initial Sales Tax Amounts for such taxes as certified by the Department of Revenue and paid under those Acts by retailers and servicemen on transactions at places of
State Sales Tax Increment means that portion of the
State Sales Tax Increment means an amount equal to the increase in the aggregate amount oE taxes paid by retailers and servicemen, other than retailers and servicemen subject to the Public Utilities Act, on transactions at places oE business located within a State Sales Tax Boundary pursuant to the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act, except such portion oE such increase that is paid into the State and Local Sales Tax ReEorm Fund, the Local Government Distributive Fund, the Local Government Tax Fund and the county and Mass Transit
State Sales Tax Increment means an amount equal to the increase in the aggregate amount oE taxes paid by retailers and servicemen, other than retailers and servicemen subject to the Public Utilities Act, on transactions at places oE business located within a State Sales Tax Boundary pursuant to the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act, except such portion oE such increase that is paid into the State and Local Sales Tax ReEorm Fund, the Local Government Distributive Fund, the Local Government Tax Fund and the county and Mass Transit District Fund, Eor as long as State participation exists, over and above the Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or the Revised Initial Sales Tax Amounts Eor such taxes as certiEied by the Department oE Revenue and paid under those Acts by retailers and servicemen on transactions at places oE business located within the State Sales Tax Boundary during the base year which shall be the calendar year immediately prior to the year in which the municipality adopted tax increment allocation Einancing, less 3.0% oE such amounts generated under the Retailers' Occupation Tax Act, Use Tax Act and Service Use Tax Act and the Service Occupation Tax Act, which sum shall be appropriated to the Department oE Revenue to cover its costs oE administering and enEorcing this Section.
State Sales Tax Increment means up to one-half of the incremental increase in the State Sales Tax Revenue in the Development Project Area. There are special restrictions for amounts attributable to retail sales, relocating facilities and relocating out-of-state businesses.
State Sales Tax Increment means (i) 100% of that portion of the State sales tax that is in excess of the State sales tax for the same month in the base year, as determined by the Department of Revenue, from transactions at up to 2 destination users, one destination hotel, and one entertainment user located within a STAR bond district, which destination users, destination hotel, and entertainment user shall be designated by the master developer and approved by the political subdivision and the Director in conjunction with the applicable STAR bond project approval, and (ii) 25% of that portion of the State sales tax that is in excess of the State sales tax for the same month in the base year, as determined by the Department of Revenue, from all other transactions within a STAR bond district. If any portion of State sales taxes are, at
State Sales Tax Increment means an amount equal to the increase in the aggregate amount of taxes paid by retailers