Tax Increment Financing Act definition

Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District.
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Tax Increment Financing Act or “TIF Act” means Minnesota Statutes, sections 469.174 through 469.1799, as amended.
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Tax Increment Financing Act or “TIF Act” means Minnesota Statutes, sections
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Examples of Tax Increment Financing Act in a sentence

  • Pursuant to the Kansas Tax Increment Financing Act, K.S.A. 12-770, et.

  • In addition to any terms defined in the body of this Agreement, the following terms shall have the definitions ascribed to them as follows: Act means the Tax Increment Financing Act, as amended and as codified in Chapter 311 of the Texas Tax Code.

  • In addition to all other powers the City of Milford may have, and notwithstanding any limitation of law, the City of Milford shall have all powers and may undertake all actions for the purposes set forth in, and in accordance with Delaware Code relating to the Municipal Tax Increment Financing Act and Delaware Code relating to Special Development Districts.

  • The Tax Increment Financing Act of Texas Tax Code, Chapter 311, as may be amended from time to time.

  • The Tax Increment Financing Act, Texas Tax Code Chapter 311, as may be amended from time to time.

  • The Special Legislation exempts the new district from certain requirements of the Minnesota Tax Increment Financing Act (Minnesota Statutes, Section 469.174 through 469.1799, the “TIF Act”), and specifies that the original net tax capacity of the district will be certified at$2,731,854.

  • The word “Act” means the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code, as amended.

  • The 1982 Tax Increment Financing Act (Act) followed the general contours of traditional tax increment financing, as described above.

  • Laws Chapter 42-64.21, the Rhode Island Tax Increment Financing Act of 2015 (“Act”).

  • A cannabis business shall not be entitled to any tax-incentive program offered by the city, including, but not limited to, any incentive created pursuant to the Brownfield Redevelopment Financing Act, PA 381 of 1996, or the Recodified Tax Increment Financing Act, PA 57 of 2018.


More Definitions of Tax Increment Financing Act

Tax Increment Financing Act means the statutory provisions of Minnesota Statutes, Sections
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Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District.On each Payment Date, the City shall pay the Developer an installment equal to the lesser of (i) the Available Tax Increment for the annual period preceding the Payment Date; or (ii) the amount necessary to pay the accrued unpaid interest and the unpaid principal amount of this Note in full. If, after issuance of the Certificate of Completion, the Developer is in default under the Contract, and, after notice by the City to the Developer as provided in Article IX of the Contract, such default has not been cured within the time period provided in the Contract (an “Event of Default”), then the City may suspend payment on this Note until the Event of Default is cured or the City’s obligations under this Note are terminated. If payments are suspended due to an Event of Default under the Contract, the City is not obligated to pay to the Developer the amount of the suspended payments that would otherwise have been paid to the Developer between the date the payment is suspended and the date the Event of Default is cured. If the Developer fails to pay all or a portion of the property taxes due and owing on the Property, then upon such failure to pay, no interest as required by this Note shall accrue during the period in which the property taxes were due but not paid.
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Tax Increment Financing Act means the statutory provisions of Minnesota Statutes, Section
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Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District. On each Payment Date, the City shall pay the Developer an installment equal to the lesser of
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Related to Tax Increment Financing Act

  • Tax increment financing acts means 1975 PA 197, MCL 125.1651 to 125.1681, the tax increment finance authority act, 1980 PA 450, MCL 125.1801 to 125.1830, the local development financing act, 1986 PA 281, MCL 125.2151 to 125.2174, the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2672, or the corridor improvement authority act, 2005 PA 280, MCL 125.2871 to 125.2899.

  • Tax Increment means the difference between:

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Property tax increment means the amount obtained by:

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.