Taxable Transactions definition

Taxable Transactions means the sale or provision of goods or services within the Project that are subject to the Town’s Sales Tax, as amended from time to time.
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Taxable Transactions means a taxable transaction as defined in article 7, paragraph (2), or a transaction treated as a taxable transaction under article 7;
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Examples of Taxable Transactions in a sentence

  • In order to implement the Sales Tax Credit, and as a condition precedent to the effectiveness of this Agreement, the Town shall adopt an ordinance granting the Sales Tax Credit against the collection of Sales Tax on Taxable Transactions, in an amount equal to one and ten one-hundredths percent (1.10%) in substantially the form set forth as Exhibit D attached hereto (the “Sales Tax Credit Ordinance”).

  • In adopting the Sales Tax Credit Ordinance, the Town is agreeing that it will grant a credit of 1.10% against the Town’s Sales Tax collected on Taxable Transactions within the Project only to the extent that the Credit PIF is collected from each retailer within the Project.

  • The Credit PIF derived from Taxable Transactions on the Ledge Rock Center East.

  • Accordingly, notwithstanding anything to the contrary in this Agreement, the Credit PIF and Sales Tax Credit shall not apply to Taxable Transactions that originate from within any Relocated Retailer or Restricted Grocery Store.

  • The City and County shall enter into a separate agreement as to the allocation between them of such sales tax payable on the Grocer Storeroom Taxable Transactions.

  • In adopting the Sales Tax Credit Ordinance, the Town is agreeing that it will grant a credit in the maximum amount of 2.40% against the Town's Sales Tax collected on Taxable Transactions within the Property only to the extent that the Credit PIF is imposed and collected.

  • The two percent (2.0%) credit against sales tax obligations on Taxable Transactions which the Town will implement in accordance with Section 4.4 of this Agreement, the rate of which will be equivalent at all times during the Credit PIF Period to the rate of the Credit PIF.

  • Pursuant to the PIF Covenant, any person or entity who engages in a Taxable Transaction is subject to audit by the Town or the District regarding Taxable Transactions that are subject to the PIF.

  • The component of the PIF that will be imposed at the rate of two percent (2.0%) pursuant to the PIF Covenant and that will be applied to Taxable Transactions before the calculation of sales taxes occurring during the Credit PIF Period and as otherwise provided in Section 4.4. of this Agreement.

  • Accordingly, all discretionary sales surtax as to the Grocer Storeroom Taxable Transactions shall also be based on the rates promulgated by the City and paid to the City.