Tax Rebates. An amount equal to fifty percent (50%) of all Dealership Sales Tax Revenue that the City receives, excluding the City’s Home Rule Sales Tax. For illustrative purposes only: For new and used automobile sales: if the Dealership’s annual sale of automobiles generate a total of $35 million, then the City’s portion of sales tax received from IDOR will be $350,000 (less any deduction of the State administrative cost) of which the FCA will receive $175,000 (less any deduction of the State administrative cost) in tax rebate from the City. For auto parts and goods: if the Dealership’s annual sale of goods or parts or other tangible goods subject to the Statewide Sales Tax and the City’s Home Rule Sales Tax generate a total of $2 million, then the City’s portion of taxes received from IDOR will be $40,000 (less any deduction of the State administrative cost) of which the FCA will receive $10,000.
Tax Rebates. Universal shall be entitled to charge remittance taxes, but shall be obligated to rebate to DW *** of such taxes at the end of the year in which they are withheld, and the remaining *** at the end of the following year.
Tax Rebates. MCA shall be entitled to charge remittance taxes, but shall be obligated to rebate to DW *** of such taxes at the end of the year in which they are withheld, and the remaining *** at the end of the following year;
Tax Rebates. An amount equal to fifty percent (50%) of all Dealership Sales Tax Revenue that the City receives (again acknowledging that Dealership Sales Tax Revenue does not include the City's Home Rule Tax). For illustrative purposes: For new and used automobile sales: if the Dealership’s annual sales of automobiles generate a total of $35 million, then the City’s Portion of the State Sales Tax received from IDOR will be $350,000 (less any deduction of the State Administrative Charge) of which FCAR will receive $175,000 (less any deduction of the State Administrative Charge) in Tax Rebate from the City. For auto parts and goods: if the Dealership’s annual sales of goods or parts or other tangible goods subject to the Statewide Sales Tax and the City’s Home Rule Tax generate a total of $2 million, then the City’s Portion of the State Sales Tax received from IDOR will be $40,000 (less any deduction of the State Administrative Charge) of which the FCAR will receive $10,000.
Tax Rebates. (i) The Town shall (1) compute the Town’s annual net revenue from the County’s sales tax attributable to the Grocery Store and (ii) rebate to Hometown every other month (6 times a year) a percentage of such net revenue attributable to the Grocery Store in accordance with the following schedule: 100% of net revenue received by the Town from the County sales tax and attributable to the Grocery Store that is generated in calendar years 2015, 2016, 2017, 2018, 2019 and 2020.
Tax Rebates. Reporting Province program expenditures net of tax rebates: The Recipient will report all program expenditures net of any tax rebates or input tax credits. Sample Amount Recipient spent on goods/services $100.00 Amount of tax paid (example 13%) $13.00 Less amount of tax rebate claimed (where rebate equals 80%) -$10.40 Amount of tax expenditure $ 2.60 Amount reported as Province Project expenditure $102.60
Tax Rebates. (a) The Developer intends to finance the water, sewer, drainage, park and recreational facilities, and roads necessary to develop the Property through the Special District serving the Property. The Developer currently anticipates that the costs to develop the Property with these infrastructure improvements, when combined with the City’s current tax rate would not be financially feasible within the $1.50 tax rate allowed by the rules of the TCEQ and market competition. Therefore, the Parties agree that a partial rebate of the City’s ad valorem tax (the “Tax Rebate”) is required to make the development of the Property financially feasible and competitive.
Tax Rebates
