Equalization Distribution definition

Equalization Distribution means any distribution related to the first one-eighth of one percent increment of County gross receipts tax distributed pursuant to Section 7-1-6.16 NMSA 1978. The State Department of Taxation and Revenue distributes the Equalization Distribution on September 15 of each year from the State tax administration suspense fund (the interim depository fund for State general fund gross receipts tax revenues). The amount of the distribution to counties eligible for distribution is made pursuant to a formula, and the distribution is the difference between the statewide per capita yield on a hypothetical one-eighth gross receipts tax times the population of the county and the county’s actual receipts from its own first one-eighth gross receipts tax.
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Equalization Distribution shall have the meaning set out in Article 234;
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Examples of Equalization Distribution in a sentence

  • On each Equalization Distribution Date, the Joint Sales Company shall pay to each Member, to the extent of all Available Cash, an amount equal to each such Member's Equalization Payment, if any.

  • The Capital Equalization Distribution shall be made from cash on hand of the Partnership that is available for distribution to the Partners under Sections 4.1.1, 4.1.2 and 4.

  • As an alternative to ▇▇▇▇-▇▇▇▇ making the contribution described in Section 2.1.2.3 in order to make such Capital Equalization Distribution, the Partners may accomplish the same result by making first distributions to the Highridge Partners from the proceeds of such Third Party Mezzanine Financing as necessary to place the Partners' Invested Capital in the same ratio as if the contribution and distribution described in Section 2.1.2.3 had occurred.

  • Notwithstanding any other provision of this Agreement, at any time after the later to occur of (a) the date that is one year after the date of this Agreement or (b) the El Segundo Valuation Date, Highridge GP may elect, by notice to the ▇▇▇▇-▇▇▇▇ Limited Partner to cause a special distribution to be made by the Partnership to the Highridge Partners as provided in this Section 2.1.2.3 (the "Capital Equalization Distribution").