State Sales Tax Revenues definition

State Sales Tax Revenues or “Sales Tax Revenues” means the moneys transferred to the

State Sales Tax Revenues means receipts of the State received through the last day of October 2032 and credited to the City Bond Finance Fund by the State Treasurer in accordance with K.S.A. 79- 3620(d), as amended, from the taxes imposed by K.S.A. 79-3603, as amended and K.S.A. 79-3703, as amended, with respect to sales and compensating use within the Redevelopment Project Area portion of the Redevelopment District.

State Sales Tax Revenues means gross receipts of the State from the taxes imposed by K.S.A. 79- 3603, as amended, and K.S.A. 79-3703, as amended, with respect to retail sales within the STAR Bond District (currently six and five-tenths percent (6.50%)), to the extent such amounts are on deposit with the State Treasurer on or before May 31, 2033 and available for transfer to the City Bond Finance Fund. State Sales Tax Revenues will be based on tax revenues received by the State from sales occurring within the STAR Bond District, which may include tax revenues sourced to other locations within the State under applicable destination-based sourcing rules of the State.

Examples of State Sales Tax Revenues in a sentence

• Pursuant to K.S.A. 79-3607 and 79-3706, each retailer that does business within the STAR Bond Project Area is required to submit to the Department, at the times specified in such statutes, (i) State Sales Tax Revenues collected by such taxpayer and (ii) returns detailing the collection of such State Sales Tax Revenues.

• For each month other than May and November, the Escrow Agent shall provide a monthly report to the Issuer not later than the last day of each month stating the amount of the Issuer Sales Tax Revenues remitted to the Escrow Agent by the State Treasurer during the immediately preceding month and deposited to the Escrow Fund pursuant to Section 3.02 and regarding the State Sales Tax Revenues on deposit in the City Bond Finance Fund pursuant to Section 2.03.

• The Escrow Agent also may request that the Issuer request the Department to provide, and the Department shall provide if requested, information with respect to State Sales Tax Revenues collected by any retailer that does business within the STAR Bond Project Area pursuant to the provisions of K.S.A. 12-17,174.

• The State Treasurer shall request that the Department determine and advise the State Treasurer and the Escrow Agent in writing not later than the last Business Day of each calendar month of the total amount of State Sales Tax Revenues collected by the Department during the immediately preceding calendar month and the balance in the City Bond Finance Fund at the close of business on the last day of the immediately preceding calendar month.

• By way of example, no later than November 30 of each year, the Department shall determine and advise the State Treasurer and the Escrow Agent of the total amount of State Sales Tax Revenues received during the immediately preceding month of October, which State Sales Tax Revenues will be derived primarily from sales and compensating use within the STAR Bond Project Area during the immediately preceding month of September.

More Definitions of State Sales Tax Revenues

State Sales Tax Revenues or “Sales Tax Revenues” means the moneys transferred to the Authority from State sales taxes as provided in Section 63-3638 of the State Sales Tax Act and Section 67-8716 of the Act.

State Sales Tax Revenues means receipts of the State deposited into the City Bond