Tax limitation definition

Tax limitation means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a different charter limitation on property taxes levied to pay debt charges on unvoted securities, that charter limitation. Those limitations shall be respectively referred to as the "ten-mill limitation" and the "charter tax limitation."
Sample 1Sample 2Sample 3
Tax limitation means the "ten-mill limitation" as677defined insection 5705.02 of the Revised Code without678diminutionby reason of section 5705.313 of the Revised Code or679otherwise,or, in the case of a municipal corporation or county680
Sample 1Sample 2
Tax limitation means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a
Sample 1

Examples of Tax limitation in a sentence

  • If you are eligible for severance benefits under the Plan, the amount of your severance pay will be determined in accordance with the guidelines set forth below, subject to the Golden Parachute Tax limitation set forth below.

  • Tax limitation" means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a different charter limitation on property taxes levied to pay debt charges on unvoted securities, that charter limitation.

  • Members will recall as part of the current MTFP, the Council pre-signalled annual increases of 3.5%, the maximum allowable under the Government's Council Tax limitation scheme for 2012/13.

  • Until expiry of such Tax limitation period, the Seller may at any time demand that a tax audit by the competent Taxing Authority be conducted in respect of the Companies, provided, however, that the Seller shall give three months advance notice to the Purchaser before making such demand.

  • Without limiting the foregoing, since September 30, 1999, none of the SunSource Entities has made any election or filed any waiver or extension with respect to Taxes or any Tax limitation period or has settled any Tax audit or dispute with any Tax Authority on a basis that would have a material impact on the Tax liability of any of the Contributed Entities for a Post-Closing Tax Period.

  • HOW THE PLAN WORKS If you are eligible for severance benefits under the Plan, the amount of your severance pay will be determined in accordance with the guidelines set forth below, subject to the Golden Parachute Tax limitation set forth below.

  • If you are eligible for severance benefits under the Plan, the amount of your severance pay will be determined in accordance with the guidelines set forth below, subject to the Golden Parachute Tax limitation set forth below: - Six (6) months of Salary, payable in a single lump sum within ten (10) days of your cessation of employment.

  • If you are eligible for severance benefits under the Plan, the amount of your severance pay will be determined in accordance with the guidelines set forth below, subject to the Golden Parachute Tax limitation and Pooling limitation set forth below.

Related to Tax limitation

  • 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.