Incremental Tax Revenues definition

Incremental Tax Revenues means the Real Property Tax Revenues and the Sales Tax Revenues.
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Incremental Tax Revenues means, collectively, Incremental City Sales Tax Revenues and Incremental State Sales Tax Revenues.
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Incremental Tax Revenues means the amounts of ad valorem taxes, if any, determined in accordance with Section 7.1 hereof, collected in each year in the Redevelopment Project Area and deposited upon receipt by the Town in the Special Tax Allocation Fund, and shall include the proportionate amount of any increased ad valorem taxes due to the late payment of such taxes.
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Examples of Incremental Tax Revenues in a sentence

  • 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.

  • All Incremental Tax Revenues shall be deposited into the Tax Increment Fund.

  • EDGE will require the certification of the completion of the Public Infrastructure component of the Project before the final disbursement of Incremental Tax Revenues.

  • The Centre will work to address gaps in the availability of data disaggregated by sex and other intersecting identifyfactors, which includes age and disability, to enrich the understanding of social, economic, financial and environmental issues.

  • If the project is located in the City of Memphis, the Applicant will pay to EDGE an annual administrative fee equal to 4% of the City of Memphis Incremental Tax Revenues, which will be deducted from the amount disbursed to the Applicant, lender, or bond trustee.

  • Uses of Incremental Tax Revenues Pursuant to RSA 162-K, the Town of Durham will issue bonds or other appropriate debt instruments up to the amount of $850,000 to pay for the design and construction of the Phase 1 wastewater & water system improvements.

  • The City shall retain 5% of the Incremental Tax Revenues to pay for the City Project, except that if the City Project does not commence within sixty (60) months of the date of the filing of the Certificate of Substantial Completion by the Developer with the City in accordance with Section 4.07, such 5% of Incremental Tax Revenues shall be used to reimburse the Developer’s Redevelopment Project Costs in accordance with Section 6.01.

  • The City shall retain 5% of the Incremental Tax Revenues to pay for the City Project, except that if the City Project does not commence within sixty (60) months of the date of the filing of the Certificate of Substantial Completion by the South Project Developer with the City in accordance with Section 4.07, such 5% of Incremental Tax Revenues shall be used to reimburse the Developer’s Redevelopment Project Costs in accordance with Section 6.01.

  • Amounts collected above this amount may be used to reimburse South Project Developer for eligible TDD Costs otherwise not reimbursed by Incremental Tax Revenues related to the South Project Plan.


More Definitions of Incremental Tax Revenues

Incremental Tax Revenues means revenues which consist of (a) PILOTS derived from the Redevelopment Area, (b) Economic Activity Tax Revenues received by the City with respect to the Redevelopment Area and (c) the New State Revenues received by the City with respect to the Redevelopment Area.
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Incremental Tax Revenues means that amount of real property taxes collected from real property located within the Redevelopment District that is in excess of the amount of real property taxes collected from the Base Year Assessed Valuation, determined in accordance with the TIF Act and the Project Plan.
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Incremental Tax Revenues means the Property Tax Revenues and the Sales Tax Revenues, less any amount paid under protest until the protest is withdrawn or resolved against the taxpayer and any sum received by the City that is the subject of a lawsuit or other claim communicated to the City which suit and claim challenge the collection of such sum.
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Incremental Tax Revenues means the property tax revenues generated from the Plan Area after consideration of the Base Tax Amount and the allocation of tax revenues to municipal debt service which shall be distributed as follows:
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Incremental Tax Revenues means, when received by the City, the ad valorem taxes collected from real property located within the Project Area that are in excess of the amount of real property taxes which were collected from the Base Year Assessed Valuation for such property, as determined in accordance with the Act and the laws of the State.
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Related to Incremental Tax Revenues

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Incremental Income Taxes is defined in Section 6.9.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Increment means the difference between:

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Recovered tax increment value means, except as otherwise

  • Incremental income tax means the total amount withheld

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

  • Property tax increment means the amount obtained by:

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Anticipated county property tax revenue availability means the

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.