Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805 of the Act) and which are generated by economic activities within the Redevelopment Area over the amount of such taxes generated by economic activities within the Redevelopment Area in the calendar year prior to the adoption of tax increment financing within the Redevelopment Area, but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and taxes imposed pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, and any other taxes excluded from tax increment financing by Missouri law.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805( 1 2) of the Act) and which are generated by economic activities within the Chesterfield Commons Sub-Area over the amount of such taxes generated by economic activities within the Chesterfield Commons Sub Area in the calendar year ending December 31 , 1996 (subject to annual appropriation by the City as provided in the Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms
Economic Activity Tax Revenues means fifty percent (50%) of the total additional revenue from sales taxes which are imposed by the City or other taxing districts, and which are generated by economic activities within the Redevelopment Area on a lot, block, tract or parcel over the amount of such taxes generated by economic activities within the Redevelopment Area in the calendar year prior to the adoption of tax increment financing related to the applicable lot, block, tract or parcel, while tax increment financing remains in effect, but excluding (i) taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and (ii) personal property taxes, other than Payments in Lieu of Taxes, all as determined in accordance with the Act.
Examples of Economic Activity Tax Revenues in a sentence
City to Issue Notes and Execute Indenture 18 Covenant to Request Appropriations 18 Performance of Covenants 18 Instruments of Further Assurance 18 General Limitation on City Obligations 19 Recording and Filing 19 Possession and Inspection of Books andDocuments 19 Tax Covenants 19 Collection of Payments in Lieu of Taxes and Economic Activity Tax Revenues 20 Enforcement of Agreement.
For purposes of the sign area and sign height limitations set forth in Section 150.2025(A) of this Article, any two Political Election Signs that are located within 12 inches of each other shall be considered to be one Political Election Sign.
The City hereby pledges such revenues to the timely payment of all amounts due and owing under Section 402(b) of the Indenture, subject to annual appropriation of the Economic Activity Tax Revenues.
Collection of Payments in Lieu of Taxes and Economic Activity Tax Revenues 18Section 610.
The City currently intends to appropriate in each year the Economic Activity Tax Revenues in the Special Allocation Fund to the repayment of the Financing.
More Definitions of Economic Activity Tax Revenues
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805 of the TIF Act) and which are generated by economic activities within RPA 2 over the amount of such taxes generated by economic activities within RPA 2 in the calendar year ending December 31, 2002 (subject to annual appropriation by the City as provided in the TIF Act), but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and taxes levied for the purpose of public transportation pursuant to Section 94.660, RSMo. and the TIF Portion of TDD Revenues.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805( 1 2) of the Act) and which are generated by economic activities within the Chesterfield Grove Sub-Area over the amount of such taxes generated by economic activities within the Chesterfield Grove Sub-Area in the calendar year ending December 31 , 1996 (subject to annual appropriation by the City as provided in the Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and personal property taxes, other than payments in lieu of taxes.
Economic Activity Tax Revenues means 50% of the total additional revenue from taxes imposed by the City or any other taxing districts (as defined in Section 99.805 of the TIF Act), including the CID, and which are generated by economic activities within RPA-1 of the Redevelopment Area over the amount of such taxes generated by economic activities within RPA-1 of the Redevelopment Area in the calendar year ending December 31, 2011, but excluding therefrom any utility taxes, any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, taxes levied pursuant to Section 70.500 of the Revised Statutes of Missouri, as amended, licenses, fees or special assessments other than payments in lieu of taxes and penalties and interest thereon, personal property taxes, taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, or any other license, tax or fee exempted from tax increment financing by State law. Pursuant to Section 99.845 of the Revised Statutes of Missouri, as amended, beginning on August 28, 2014, if the voters in a taxing district (as defined in the TIF Act) vote to approve an increase in the taxing district’s levy rate, other than the renewal of an expiring sales or use tax, any additional revenues generated within RPA-1 that are directly attributable to the newly voter-approved incremental increase in the taxing district’s levy rate shall not be considered “Economic Activity Tax Revenues” without the consent of the taxing district.
Economic Activity Tax Revenues means the revenues attributable to 50% of the increase in tax revenues (other than real property tax revenues) generated by economic activities within the Redevelopment Area, including sales and utility taxes, but excluding personal property taxes, hotel/motel taxes, licenses, fees and special assessments.
Economic Activity Tax Revenues means 50% of the total additional revenues from taxes which are imposed by the City or any other taxing district (as that term is defined in Section 99.805(16) of the TIF Act) and which are generated by economic activities within the Redevelopment Project Areas over (i) the amount of such taxes generated by economic activities within the Redevelopment Project Areas in the calendar year ending December 31, 2005, and (ii) economic activity taxes generated by any Relocated Retail Establishment in the calendar year prior to its relocation to the Redevelopment Project Areas, (subject to annual appropriation by the City as provided in the TIF Act), but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments, other than payments in lieu of taxes, and personal property taxes and taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, and amounts reimbursed to any district providing emergency services within the Redevelopment Area, to the extent required by Section 99.847 or 99.848 of the TIF Act or, in lieu thereof, such amount as may be set forth in a cooperative agreement between the City and any such district , to the extent that such sum is not paid from the PILOTS Account.
Economic Activity Tax Revenues means fifty percent of the total additional revenues from taxes imposed by the City or other taxing districts (as that term is defined in Section 99.805(16) of the TIF Act) and which are generated by economic activities within Redevelopment Area over the amount of such taxes generated by economic activities within Redevelopment Area in the calendar year ending December 31, 1998, as defined and described in Sections 99.805(4) and 99.845 of the TIF Act, but excluding therefrom personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments, taxes levied pursuant to Section 70.500, RSMo., as amended, and taxes levied for the purpose of public transportation pursuant to Section 94.660, RSMo., as amended, all as provided in Section 99.845 of the TIF Act, as amended from time to time, and also excluding as of January 1, 2002, the sales tax authorized by Section 162.1100.5(1), RSMo., as amended.
Economic Activity Tax Revenues shall have the meaning ascribed to such term in theIndenture.