Hotel Tax definition

Hotel Tax federal, provincial, state and municipal excise, occupancy sales and use taxes collected by or on behalf of Borrower or any Subsidiary of Borrower directly from patrons or guests of the ESA Properties as part of or based on the sales price of any goods, services or other items, such as gross receipts, room, admission, cabaret or equivalent taxes and required to be paid to a Governmental Authority.
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Hotel Tax or "tax" means the tax levied in Resolution 1988-1 of the Authority dated August 30, 1988 and as described in Section 2 of these regulations.
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Hotel Tax means the tax imposed by the City on the Hotel pursuant to the City of Xxxxxx Municipal Code, Chapter 3.12.
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Examples of Hotel Tax in a sentence

  • DBA shall adhere to the Approved Budget (Exhibit "A"), as may be amended by the City Council, (the "Approved Amended Budget") for all operations of DBA funded by Hotel Tax Revenues.

  • The City may withhold allocations if the City determines that DBA's expenditures of Hotel Tax Revenue deviate materially from the approved budget, or if reports required under this Agreement are not submitted in a complete and timely manner.

  • Approval of the Festival Budget creates a fiduciary duty with respect to the Hotel Tax Revenue and DBA may only use it in the manner and for the purposes, specified in the Approved Amended Budget, Texas Tax Code § 351.101(a), and this Agreement.

  • The ONE HUNDRED TEN THOUSAND DOLLARS ($110,000.00) of Hotel Tax Revenues allocated to Texas Reds shall be paid to DBA in accordance with Section 7.3.5 below.

  • DBA shall maintain a complete and accurate financial record of each expenditure of the Hotel Tax Revenue made by DBA.

  • Advertising and promotional materials purchased with Hotel Tax Revenues must be targeted to reach audiences outside of Brazos County.

  • Management Fees shall be paid from the Hotel Tax from the adjacent Hotel and from no other source.

  • All funds received by DBA from the City's Hotel Tax Revenues must be spent in compliance with the requirements of Chapter 351 of the Texas Tax Code, the DBA's approved amended budget, and for the purposes authorized under this Agreement.

  • In consideration of the payment by City to DBA of the Hotel Tax Revenue described herein, DBA agrees to manage or supervise the use of such revenue for the Festival pursuant to Texas Tax Code §35l.10l(c).

  • Expenditures of Hotel Tax Revenue shall be classified as restricted funds for audited financial purposes.


More Definitions of Hotel Tax

Hotel Tax means the 2% hotel occupancy tax levied and imposed in Ordinance No. 04- 117 passed by the City Council on December 20, 2004, as amended on August 22, 2017 pursuant to Subchapter H of the Act.
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Hotel Tax means the hotel tax imposed in the Village pursuant to Article 20 of Chapter 8 of the Village Code. As of the Effective Date of this Rebate Agreement, the Hotel Tax is seven percent of the gross room sale (rental) revenues.
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Related to Hotel Tax

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

  • Specific local tax means a tax levied under 1974 PA 198, MCL 207.551 to 207.572, the commercial redevelopment act, 1978 PA 255, MCL 207.651 to 207.668, the technology park development act, 1984 PA 385, MCL 207.701 to 207.718, and 1953 PA 189, MCL 211.181 to 211.182. The initial assessed value or current assessed value of property subject to a specific local tax shall be the quotient of the specific local tax paid divided by the ad valorem millage rate. However, after 1993, the state tax commission shall prescribe the method for calculating the initial assessed value and current assessed value of property for which a specific local tax was paid in lieu of a property tax.

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • municipal tax means property rates or other taxes, levies or duties that a municipality may impose;

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Transfer Tax means any transfer, recording, registration and other fees and any similar taxes that become payable in connection with the Transactions (together with any related interest, penalties or additions to such taxes).

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

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • input tax , in relation to a vendor, means—

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • MUNICIPAL TAXABLE INCOME means the following:

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Property Tax means the general property tax due and paid as set

  • State premium tax liability means any liability

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers hereof.

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

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Property tax increment means the amount obtained by: