CID Act definition
Examples of CID Act in a sentence
The District is a community improvement district and political subdivision, duly organized and existing under the laws of the State of Missouri, including particularly the CID Act.
The City is a municipal corporation and political subdivision duly organized and existing under the laws of the State of Kansas and authorized by the Community Improvement District Act, K.S.A. 12-6a26 et seq., as amended (the “CID Act”), to provide financing for certain qualified projects upon compliance with the procedures set forth in the CID Act.
At any time, the Developer may terminate this Agreement by (1) giving written notice to the City and the District and (2) filing a petition with the City Clerk to terminate the District and the District Sales Tax in compliance with the requirements of the CID Act.
The CID Sales Tax shall be collected by the DOR as provided in the CID Act.
Subject to the terms and conditions of this Agreement, the City shall cause the collection of a CID sales tax of one and one-half percent (1.5%) on the sale of tangible personal property at retail or rendering furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the CID Districts (the "CID Sales Taxes"), such CID Sales Taxes shall be collected and applied to pay and/or reimburse Developer for CID Project Costs pursuant to the CID Act.