Tax Incentive definition
Examples of Tax Incentive in a sentence
City and Project Operator acknowledge and agree that the Tax Incentive Schedule attached to this Agreement is a true and correct representation of the Project as provided to the City by the Project Operator.
Land value is not included in the calculation of Building Improvement Value and is not exempt from property taxation as a result of this Tax Incentive Agreement.
Further, that the Project Operator, by initialing the date upon which the Property Tax Incentive is to begin, agrees that as a condition precedent for the City to start the tax incentive exemption period the Project must have met the minimum Building Improvement Value of $55,000 per unit.
No submissions made by or on behalf of the Company or any Company Subsidiary to any Governmental Entity in connection with obtaining any Tax Incentive contained any material misstatement or omission that would have affected the granting of such Tax Incentive.
The consummation of the transactions contemplated by this Agreement will not have any adverse effect on the continued validity and effectiveness of any such Tax Incentive.