Tax Gas definition

Tax Gas means the Quantity or Volume of Tax Bearing Gas that the State receives under Article 13.6.
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Tax Gas means, the quantum of Available Natural Gas allocated to 2nd Plaintiff which will generate an amount of proceeds equal to the actual payment of CIT
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Tax Gas means the amount of Available Natural Gas which will generate an amount of Proceeds equal to the actual payment of Gas CITA. (qqqq) “Tax Oil” means the amount of Available Crude Oil which will generate an amount of Proceeds equal to the actual payment of PPT. (rrrr) “Testing” means an operation intended to evaluate the capacity of a Zone to produce Hydrocarbons. Test and other derivatives shall be construed accordingly. (ssss) “Voting Interest” means the undivided voting percentage interest of a party held from time to time as more particularly set out in Article 6.3(b) hereof. (tttt) “Work Program and Budget” means a work program for Joint Operations and budget therefore as described and approved in accordance with Article 7. (uuuu) “Zone” means a geological stratum containing, or thought to contain, an accumulation of Hydrocarbons separately producible from any other accumulation of Hydrocarbons. Unless otherwise expressly stated, all references to Articles are to Articles in this Agreement (but not Exhibit A) and all references to Clauses and Sections are to Clauses and Sections in the Accounting Procedure. ARTICLE 2
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Examples of Tax Gas in a sentence

  • Funds dedicated by ordinance from utility Tax, Gas Tax and Property Owner Assessments.

  • Grants are typically needed in order to enable the limited road funds to fund as many projects as possible.The primary sources of funding for the Capital Facilities Transportation Plan include:• 30% County Portion of Motor Vehicle Fuel Tax (Gas Tax) All Countieswithin the state receive a proportionate share of the state gas tax based on population, road miles and other factors.• Second Quarter Real Estate Excise Tax (REET) is proportioned to different county capital facilities.

  • Property tax rate, Beer and Wine Tax, Gas Tax and Utility Franchise Tax are projected from FY10 estimates.

  • Three major sources of revenues are share revenue from the state: Gasoline & Motor Fuel Tax, Gas 1989, and Gas 3 Cents.Sanitation Fund accounts for all revenues and expenses related to the collections and disposal of solid waste and recycling items.Drug Fund presents revenues and expenditures for drug fine, seizures, and enforcement costs.

  • Funds will be paid out of grant/loan from OPWC along with Permissive Tax, Gas Tax, CDBG, SIB loan, any combination thereof, or any funds the Auditor deems appropriate.

  • The City formed a Budget Committee to review the FY2020 budget to see where reductions in expenses were necessary to meet a reduction in state shared revenues (e.g. Sales Tax, Gas Fax, Franchise Fees) resulting from the COVID-19 disruption.

  • Streets, Sidewalks, Bike and Pedestrian Programs – Gas Taxes and Measure B Funds The City is projected to receive approximately $5.6 million in annual revenues for the Highway Users Tax (Gas Tax) and Measure B Local Streets and Roads, and Bike and Pedestrian funds in FY 2014.

  • The bulk of the project budgets are for Utilities and Transportation projects supported by the Water, Sewer, Drainage, Measure A Sales Tax, Gas Tax, and Major Street Construction Funds.

  • Current discussions target 75% of the Highway Users Tax (Gas Tax) for the Fiscal Year 2009-10.

  • Explanation of Public Service Obligation Levy (electricity only), carbon Tax (Gas Only) and any other standard notice requirements (e.g. Vat Registration Number);.s.


More Definitions of Tax Gas

Tax Gas means the amount of Available Natural Gas which will generate an amount of Proceeds equal to the actual payment of Gas CITA.
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Related to Tax Gas

  • Tax Group has the meaning set forth in Section 7.06(h)(iii).

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or any item of deduction or expense) of a Taxpayer for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a taxable period only if and to the extent that the Tax liability of the Taxpayer for such period, after taking into account the effect of the Tax Item on the Tax liability of such Taxpayer in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Tax Liabilities means all liabilities for Taxes.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Tax Attributes means net operating losses, capital losses, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, separate limitation losses and any other losses, deductions, credits or other comparable items that could reduce a Tax liability for a past or future taxable period.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Conveyance Taxes means all sales, use, value added, transfer, stamp, stock transfer, real property transfer or gains and similar Taxes.