Tax Limitation Amount definition

Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.027 of the TEXAS TAX CODE.

Tax Limitation Amount means the amount of Ten Million Dollars ($10,000,000.00), for the purposes of this Agreement and §313.027 of the Code.

Examples of Tax Limitation Amount in a sentence

• The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes.

• In consideration of the execution and subsequent performance of the terms and obligations by the Applicant pursuant to this Agreement, identified in Sections 2.5 and 2.6 and as more fully specified in this Agreement, the value of the Applicant’s Qualified Property listed and assessed by the County Appraiser for the District’s maintenance and operation ad valorem property tax shall be the Tax Limitation Amount as set forth in Section 2.4 of this Agreement during the Tax Limitation Period.

• The District and the Applicant shall maintain and retain supporting documents adequate to ensure that claims for the Tax Limitation Amount are in accordance with applicable Comptroller and State of Texas requirements.

• This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the Application Approval Date, as set out by Section 313.052 of the TEXAS TAX CODE.

• The amount of the penalty is the amount determined by: (i) multiplying the maintenance and operations tax rate of the school district for that tax year that the penalty is due by (ii) the amount obtained after subtracting (a) the Tax Limitation Amount identified in Section 2.4.B from (b) the Market Value of the property identified on the Appraisal District's records for the Tax Year the penalty is due.

More Definitions of Tax Limitation Amount

Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on Qualified Property/Qualified Investment for years three (3) through ten (10) of this Agreement pursuant to Texas Tax Code § 313.054. That is, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed, and the Tax Limitation Amount shall be, the lesser of:

Tax Limitation Amount means the amount of Twenty Million Dollars ($20,000,000.00), for the purposes of this Agreement and §313.027 of the Code.

Tax Limitation Amount means the amount of Five Million Dollars ($5,000,000.00), for the purposes of this Agreement and §313.027 of the Code.

Tax Limitation Amount means the amount of Thirty Million Dollars ($30,000,000.00), for the purposes of this Agreement and §313.027 of the Code.

Tax Limitation Amount means the maximum amount which may be placed as the Appraised

Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on Qualified Property/Qualified Investment for years three (3) through ten

Tax Limitation Amount means the minimum amount which must be placed as a value on a Qualified Property/Qualified Investment for years three (3) through ten (10) of this Agreement pursuant to Texas Property Tax Code § 313.054. For purposes of this Agreement that amount has been determined to be One Hundred Million Dollars ($100,000,000.00).