Development Taxes definition

Development Taxes means the obligation of the Company to make annual payments, in an aggregate amount equal to 3.75% of its adjusted gross receipts (as defined in the Gaming Laws of the State of Indiana), to the City of East Chicago, Foundations of East Chicago, Inc. (as successor by merger to Twin City Education Foundation, Inc. and East Chicago Community Foundation, Inc.) and East Chicago Second Century, Inc. (collectively, the “Development Tax Recipients”) pursuant to certain commitments made by the Company and/or its predecessors with respect to the Property (including a letter dated April 18, 1995 from Showboat Marina Partnership to the Mayor of the City of East Chicago and a memorandum of understanding, dated August 25, 2000, between Hxxxxx’x East Chicago and the City of East Chicago (collectively, the “Development Agreements”)), together with any interest, penalties or additions to such payments imposed in connection therewith or with respect thereto.”

Examples of Development Taxes in a sentence

  • Documentary Transfer and Residential Development Taxes are volatile revenues and have realized large increases in recent years following large declines.

  • Local Option Tourist / Food and Beverage / Tax Rates in Florida's Counties Local Option Taxes on Transient Rental TransactionsLocal Option Tourist Development Taxes Convention Development Taxes Food and Beverage Taxes s.

  • Tentatively schedule a workshop on the allocation of Tourist Development Taxes following the completion of the sports complex feasibility analysis.

  • INSTRUCTIONS FOR COMPLETING THE ST-389, pages 1-5STEP 2The ST-389 is a multi-part form with Capital Project Taxes reported on page 1, School District/Education Capital Improvement Taxes reported on page 2, Transportation Taxes and Catawba Tribal Taxes reported on page 3, Local Option Taxes reported on page 4, and Tourism Development Taxes reported on page 5.

  • The Tourist Development Taxes shown on this statement include all of the six-cent resort tax.

  • Local Option Tourist / Food and Beverage / Tax Rates in Florida's Counties Local Option Taxes on Transient Rental TransactionsLocal OptionTourist Development Taxes Convention Development Taxes Food and Beverage Taxes s.

  • Consequently, a decrease is expected in 2017-18 with the discontinued disbursement of sales tax replacement revenue with the conclusion of the state “triple flip” methodology.Documentary Transfer and Residential Development Taxes are volatile revenues and have realized large increases in recent years following Table 17GENERAL FUND BUDGET OUTLOOK($ in millions) large declines.

  • This tax is in addition to the Tourist Development Taxes authorized under s.

  • Polackwich, Sr. provided background information and analysis regarding a class action lawsuit against several internet travel companies that were not paying the full amount of Tourist Development Taxes in Florida.

  • To review these Administrative Advisories, go to www.polktaxes.com and scroll over Tourist Development Taxes on the Main Menu for the link.

Related to Development Taxes

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Commercialization Costs means the out-of-pocket costs and expenses incurred by Adapt or its Affiliates directly attributable to, or reasonably allocable to, the Commercialization of a Product. Commercialization Costs for a Product shall include, preparation of promotional, advertising, communication, medical, and educational materials relating to the Product and other Product literature and selling materials, activities directed to marketing of the Product, including purchase of market data, development and conduct of market research, advertising, public relations, public affairs and other communications with Third Parties regarding the Product; development and conduct of sales force training (including materials, programs and travel to and attendance at training programs) for medical representatives responsible for promoting the Product; and development and maintenance of sales bulletins, call reporting and other monitoring/tracking, sales force targeting, validation and alignment programs and documentation.

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following:

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Development District means Municipal Development District No. 4 in the City, which is described in the corresponding Development Program.

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Development Activities means any activity, including the discharge of dredged or fill material, which results directly in a more than de minimus change in the hydrologic regime, bottom contour, or the type, distribution or diversity of hydrophytic vegetation, or which impairs the flow, reach, or circulation of surface water within wetlands or other waters;

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Development Project means a project for the development of land within a

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Development Area means that area to which a development plan is applicable.

  • FTE Costs means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • development charge means a charge imposed pursuant to this By-law;

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

  • Transfer Taxes means any and all sales, use, value added, stamp, documentary, filing, recording, transfer, real estate, stock transfer, intangible property transfer, personal property transfer, gross receipts, registration, securities transactions, conveyance and notarial Taxes, and similar fees, Taxes and governmental charges (together with any interest, penalty, addition to Tax, and additional amount imposed in respect thereof) arising out of or in connection with the transactions contemplated by this Agreement.

  • Development Phase means the period before a vehicle type is type approved.

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Development Fees means fees imposed to offset capital costs of providing public infrastructure, public safety or other public services to a development and authorized pursuant to A.R.S. Section 9-463.05, A.R.S. Section 11-1102 or A.R.S. Title 48 regardless of the jurisdiction to which the fees are paid.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.