Transient Occupancy Tax Revenue definition

Transient Occupancy Tax Revenue means the CITY general fund share of revenue from any transient occupancy tax levied and received by the CITY pursuant to Revenue and Taxation Code Section 7280, or any successor statutory provision, that is collected within the Annexation Area.
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Examples of Transient Occupancy Tax Revenue in a sentence

  • Transient Occupancy Tax Revenue is projected to be $14,925,000 (+2.9%), which reflects a realistically and optimistic view of economic activity when compared to current projections.

  • The funding sources are Transient Occupancy Tax Revenue, and General-Purpose Revenue.

  • CITY shall distribute to the COUNTY the COUNTY’S share of the Sales Tax Revenue and Transient Occupancy Tax Revenue as set forth in Section 5 one hundred and twenty (120) calendar days of the end of the fiscal year.

  • That is its first and best function, as it focuses on only the “big stor[ies] of Woolf’s life” (119).

  • The fiscal impact of these recommendations is $229,428 from the Community Enhancement American Rescue Plan Act budget (Org 12905), $3,815 from the Community Enhancement Program budget (Org 12900) and $36,601 from the Neighborhood Reinvestment Program budget (Org 15650) totaling $269,844 The funding sources are American Rescue Plan Act, Transient Occupancy Tax Revenue, and General Purpose Revenue.

  • We have had the report of Professor Ka [Sunbaunat], who is Dean of the Faculty of Medicine at the University of Health Sciences here, and Dr. [Philip] Brinded in 2009 where they felt that Ieng Thirith had early dementia.

  • If the COUNTY’s share of Sales Tax and Transient Occupancy Tax Revenue is greater than the amount of the CITY’s share of Property Tax Revenue, the difference shall be paid by the CITY to the COUNTY within sixty (60) days after the end of the fiscal year in which the Sales Tax and Transient Occupancy Tax Revenue was collected.

  • If a change in land use or zoning causes a land use to become a Single-Purpose or Regional Tax-Generating Land Use within the meaning of Section 1(i) and thereby requires the sharing of Sales Tax Revenue or Transient Occupancy Tax Revenue pursuant to subsection (b) above, and a later change in land use or zoning would no longer meet the requirements for tax-sharing under subsection (b), then the sharing of such taxes shall cease under subsection (b)(i) or (ii), as applicable.

  • In the event that the COUNTY is entitled to share in any Sales Tax and Transient Occupancy Tax Revenue pursuant to Section 4 of this Agreement, the COUNTY’s share of such revenue shall be allocated to the COUNTY by increasing the COUNTY’s percentage share of Property Tax Revenue established pursuant to Section 3 of this Agreement in an amount equal to theCOUNTY’s share of Sales Tax and Transient Occupancy Tax Revenue.

  • Table 7: Transient Occupancy Tax Revenue Projections Assumptions Contra Costa TOT Rate10% Walnut Creek Average Daily Room Rate$140 Walnut Creek Hotel Occupancy Rate70% New Revenues Preferred Alternative New Hotel Rooms176 New Hotel Room Nights64,240 Projected Hotel Revenues$6,295,520 Total Revenues$629,552 Note: (a) Based on existing hotel rates averaged over the course of 2014.

Related to Transient Occupancy Tax Revenue

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.

  • Anticipated county property tax revenue availability means the

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • Occupancy Rate means, for any Property, the percentage of the rentable area of such Property occupied by bona fide tenants of such Property or leased by tenants pursuant to bona fide tenant Leases, in each case, which tenants are not more than 60 days past due in the payment of all rent or other similar payments due under such Leases and paying rent.

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Property tax increment means the amount obtained by:

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Base Tax Year means the property tax levy year used

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Sign area means the entire area of a sign face;

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Owner-occupied means property that is the principal

  • Home occupation means an occupation permitted in a dwelling unit and which:

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.