CID Sales Tax definition

CID Sales Tax means the community improvement district sales tax authorized by the CID Act and the CID Ordinance.

CID Sales Tax means a sales tax levied by the District on the receipts from the sale at retail of all eligible tangible personal property or taxable services at retail within its boundaries pursuant and subject to the CID Act in the amount not to exceed one percent (1%).

CID Sales Tax means the tax authorized by K.S.A. 12-6a31 and amendments thereto, and as more particularly described in Section 3.02 hereof.

Examples of CID Sales Tax in a sentence

• 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.

• Notwithstanding the foregoing, no tenant of any part of the Project shall be bound by any obligation of the Developer solely by virtue of being a tenant; provided, however, that no transferee or owner of property within the Project except the Developer shall be entitled to any rights whatsoever or claim upon the reimbursements from the CID Sales Tax, except as specifically authorized in writing by the Developer and the City.

• The Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants within the District within the timeframes required by the DOR, so that the DOR can notify tenants within the District of their requirement to collect a CID Sales Tax beginning on that certain date which is set forth in Recital E of this Agreement.

• As and when there are sufficient CID Sales Tax revenues from the District to pay the CID Administrative Fee, Developer hereby understands and agrees that such CID Administrative Fee shall have first priority to available funds in the CID Sales Tax Fund.

• Upon any such termination by Developer, the parties hereby agree that (i) the City may terminate the CID and/or the CID Sales Tax, and Developer shall have no further rights to any proceeds or reimbursements therefrom, and (ii) neither party shall have any further obligations under this Agreement, except to the extent set forth in Section 8.12 hereof.

More Definitions of CID Sales Tax

CID Sales Tax means the sales and use tax levied by the District on the receipts from the sale at retail of all eligible tangible personal property or taxable services at retail within their boundaries pursuant to the CID Act, in the amount not to exceed one percent (1.0%).

CID Sales Tax means the sales and use tax levied by the CID on the receipts from the sale at retail of all eligible tangible personal property or taxable services at retail within its boundaries pursuant to the CID Act in the amount not to exceed one percent (1%), and as further discussed in Article III of this Agreement.

CID Sales Tax means a sales and use tax imposed by the CID of up to one percent (1%) upon all taxable retail sales within the CID pursuant to the CID Act.

CID Sales Tax means the sales and use tax imposed by the District at a rate of 1% in accordance with the Redevelopment Agreement and the CID Act, which sales and use tax commenced on April 1, 2013 and expires on or before July 2, 2036.

CID Sales Tax means the additional 2% sales tax on all taxable sales within the District authorized by the CID Act and the CID Ordinance.

CID Sales Tax means a retailers’ sales tax over and above the aggregate amount of the retailers’ sales tax contained in K.S.A. 12-187 through 12-197, and amendments thereto, on the sales of tangible personal property at retail or to render or furnish services taxable pursuant to the provisions of the Kansas retailer’s sales tax act, within a District, in any increment of.10% or .25% not to exceed 2% as authorized by the Act, to pledge such revenue to pay Special Revenue Bonds issued for the Project or to reimburse the cost of the Project pursuant to pay-as-you-go financing.

CID Sales Tax means the community improvement district sales tax levied by the CID in accordance with the CID Act and this Agreement.