Incremental Tax definition

Incremental Tax or "Incremental Taxes" means Incremental Property Taxes and any other lawful taxes estimated to be generated within the Project Area including, but not limited to, incremental local sales taxes and incremental hotel taxes.

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Incremental Tax means the property tax increase attributable to the increase in the

Incremental Tax means an amount equal to the excess, if any, of (a) the amount of the U.S. federal, state and local income Taxes imposed or to be imposed on the Shareholders or the Company (including the California 1.5% S corporation tax) as a result of the Section 338(h)(10) Election over (b) the amount of the U.S. federal, state and local income, Taxes that would have been imposed on the Shareholders in connection with the sale of shares of the Company and shall be based upon the Purchase Price Allocation determined under Section 7.10(g). “Indebtedness” means, without duplication with any other item listed in this definition or included in the definition of “Transaction Expenses” or any items actually taken into account in the calculation of

Examples of Incremental Tax in a sentence

Payment to ATI with respect to such Incremental Tax Assessment shall be made in the same manner as if SPINCO were an Indemnifying Party as set forth in Section 8.3.
SPINCO shall control all matters relating to such Business Taxes and shall pay or cause to be paid and/or indemnify ATI or cause ATI to be indemnified, whatever the case may be, for and defend and hold ATI harmless against any Incremental Tax Assessment set forth in a Final Determination of Business Taxes.
The Parties agree that such reimbursement shall be made only on a Pay As You Go basis solely from Incremental Tax Revenues.
As a result of the public improvements being financed with Incremental Tax Revenues and the TDD Sales Tax, the City agrees not to charge any administrative service fees in connection with the administration and other City costs of the Incremental Tax Revenues and TDD Sales Tax.
District shall make the foregoing annual reimbursement payment to Village within thirty (30) days of its receipt of Incremental Tax Revenue.
The relevant Purchaser shall have the right to review and Sellers shall make available to the relevant Purchaser all relevant information relied on by Sellers to compute the Incremental Tax Cost or an estimate thereof to be paid pursuant to Section 9.13 and Sellers shall give reasonable consideration to comments made by the relevant Purchaser with respect to such computation.
The Parties agree that, pursuant to the Act and subject to Section 3.05 (Minimum and Maximum Amount of PILOT) and other terms and conditions of this Agreement, the amount of the Payment in Lieu of Taxes (the “PILOT Amount”) under this Agreement during the PILOT Term due to the County with respect to a Phase shall be equal to the sum of the Pre-Use and Occupancy Taxes plus the Incremental Tax for such Phase.
The Tax Certificate shall be provided within 30 days of the receipt by the Grantee of correspondence from any tax authority with respect to an amount that could give rise to an Incremental Tax.
Developer may be reimbursed by the City for Eligible Project Costs from RHID Incremental Tax Revenues as funds are collected (the “Pay As You Go” method), and the City will have no obligation to reimburse Developer from any other source of funds.
All RHID Incremental Tax Revenues will be deposited into the RHID Increment Fund.

More Definitions of Incremental Tax

Incremental Tax means an amount equal to the excess, if any, of (a) the amount of the U.S. federal, state and local income Taxes imposed or to be imposed on the Seller as a result of the sale of the Purchased Interests pursuant to this Agreement as a result of the Restructuring, over (b) the amount of the U.S. federal, state and local income, Taxes that would have been imposed on the Shareholders in connection with the sale of shares of the Former Corporation; provided, however, that this calculation shall be determined assuming (i) the value allocated as the consideration with respect to the Company’s fixed assets is determined in accordance with Section 7.10(g) of this Agreement; (ii) this calculation shall include any Taxes related to the deemed sale of accounts receivable; and (iii) this calculation shall not include the Performance Reserve Escrow Amount.

Incremental Tax means the manufacturer's current year Vermont income tax liability minus the manufacturer's Vermont income tax liability for the last full tax year ending before January, 1993, or the average of the manufacturer's Vermont income tax liability for the last two or three full tax years ending before January, 1993, as the manufacturer elects. For any manufacturer with no pre-1993 full-year income tax liability, "incremental tax" shall mean its current year Vermont income tax liability minus 80 percent of its first full year Vermont income tax liability. In the case of two or more organizations, trades or businesses owned or controlled directly of indirectly by the same interests, the commissioner may determine the manufacturer's incremental tax, if necessary, clearly to reflect the manufacturer's income. "Vermont income tax liability" for purposes of this subsection shall mean such tax liability determined without regard to net operating or capital losses from other years, and without regard to any credits." [Company] and two affiliated corporations, [Company] and [Company], have filed a consolidated Vermont income tax return for the year ending September 1995 as authorized by 32 V.S.A. §5862(c). For each of the last three years ending before January 1993 the companies filed separate returns [ Company] indicated that it did not have activity in Vermont which would subject it to Vermont tax in the year ending September 1992).

Incremental Tax means any Taxes attributable to the Section 338(h)(10) Election (including, without limitation, any recapture under Code Section 1245 and any LIFO inventory recapture under Code Section 1363, but not including any Taxes on built-in gains under Code Section 1374) which reduce Sellers' after-tax cash proceeds from the sale of the Shares pursuant to the transactions contemplated by the terms of this Agreement to an amount less than that amount determined by subtracting: (x) the Taxes that would have been imposed on the amount of gain calculated to be the difference between the Closing Cash and the tax basis, as computed for U.S. Income Tax purposes, of Sellers in all of their Shares if the Section 338(h)(10) Election had not been made (such amount as computed in this subparagraph (x) reflects the Tax liability which the Sellers would have incurred in a stock sale transaction without the Section 338(h)(10) Election) from (y) the Closing Cash. In the event that the Purchaser and Sellers cannot agree which Taxes are attributable to the Section 338(h)(10) Election or which Taxes would have been imposed on Sellers if the Section 338(h)(10) Election had not been made, the parties will retain an Accounting Firm to make such determinations. The determinations of such Accounting Firm shall be dispositive. For purposes of computing "Incremental Taxes," Sellers shall provide to Purchaser the computations of the tax basis which Sellers' determined for their Shares. Purchaser shall have the right to review such computations and all supporting schedules and other information related thereto.

Incremental Tax has the meaning specified in Section 7.3(e)(iii).