Tax Proceeds definition
Examples of Tax Proceeds in a sentence
All Advances hereunder shall be made by the Board solely from Excess Sales Tax proceeds.
Subject to the terms and conditions of this Agreement, the CID Improvement Costs shall be reimbursed with CID Sales Tax proceeds, subject to the terms and conditions set forth herein.
Developer, subject to the terms and conditions of this Agreement, including the CID Cap set forth in Section 3.04 below, shall be reimbursed for the CID Improvement Costs from and to the extent of the CID Sales Tax proceeds collected during the Term.
During the Term, all CID Sales Tax proceeds generated within the District and received by the City from DOR shall be deposited into the CID Sales Tax Fund, which shall be established and administered by the City in compliance with the laws of the State and this Agreement.
Upon the termination of this Agreement, the City shall direct the use of any remaining Bond or Special Tax proceeds to complete any remaining authorized facilities, redeem Bonds or use in any way permitted by the Act.
Developer, subject to the terms and conditions of this Agreement, shall be reimbursed for the Eligible Expenses from and to the extent of the TDD Sales Tax proceeds collected during the Term.
The annual Administrative Fee for the District shall be an amount equal to the greater of $5,000 per year or 1% of the TDD Sales Tax proceeds deposited into the TDD Sales Tax Fund hereunder from time to time during the Term and such TDD Administrative Fee shall be due and payable on the date the TDD Sales Tax is received by the City from DOR (provided that the TDD Act permits payment directly from the TDD Sales Tax, and if not, within thirty (30) days of demand therefor by the City).
Subject to the terms and conditions of this Agreement, the TDD Improvement Costs which are legally eligible for reimbursement to Developer under the TDD Act, up to an amount equal to Seven Million Two Hundred Thousand and 00/100 Dollars ($7,200,000.00) (the "Eligible Expenses"), shall be reimbursed with available TDD Sales Tax proceeds.
Following voter approval and subsequent expiration of the Sales Tax, completion of expenditure of all Sales Tax proceeds, and completion of all accounting, auditing, and reporting requirements for those expenditures.
The City grants to the Recipient the sum of $7,500 from 2019 fiscal year Lodging Tax proceeds for the purposes of funding the services to be provided in paragraph 2 above.