Incremental Taxes definition

Incremental Taxes means the determination by the Calculation Agent of:
Incremental Taxes means, for any fiscal year of the Commonwealth, that amount of money which is equal to all tax revenues received by the Commonwealth, as taxing entity, during such fiscal year in respect of an industrial development project and improvements and equipment thereon and the products thereof, and activities carried out by the occupants and users of such industrial development project, minus an amount equal to all tax revenues received by the Commonwealth, as taxing entity, in respect of the site of the industrial development project and the same type of taxable properties and activities during the fiscal year immediately preceding the fiscal year during which construction of the improvements undertaken by an industrial entity as a result of the financing of such industrial development project commenced. Incremental taxes shall include such tax revenues as state corporate income taxes, state income taxes paid by employees of manufacturing, processing, and assembling facilities developed on the site of an industrial development project, state property taxes, state corporation license taxes, and state sales and use taxes, but shall not include any taxes levied specifically for educational purposes;
Incremental Taxes means the amount of ad valorem taxes, if any, paid in respect of the Subject Property and its improvements which is attributable to the increase in the equalized assessed value of the Subject Property and its improvements over the initial equalized assessed value of the Subject Property, calculated as set forth in the TIF Act.

Examples of Incremental Taxes in a sentence

  • Incremental Taxes – the new property taxes created because of an increase in property value due to development.

  • The size and shape of the development envelope shall at minimum be determined by district setback requirements unless otherwise specified in these regulations.

  • The City shall collaborate with the State of Kansas (the "State") and the Bond Trustee to establish and maintain a separate fund and account which will be described and defined in the Bond Documents and which, for purposes of this Agreement shall be referred to as the "STAR Bond Revenue Fund." All Incremental Taxes collected in the STAR Bond District shall be deposited into the STAR Bond Revenue Fund.

  • The Foundation has a draft investment policy that deals with funds on deposit and the need to protect the principal invested.

  • The Parties acknowledge and agree that Expedia shall determine, in its discretion, all actions that it deems necessary or appropriate in connection with any refunds of Expedia Travel Solution Taxes or Expedia Incremental Taxes.


More Definitions of Incremental Taxes

Incremental Taxes shall have the meaning set forth in Section 4.8.
Incremental Taxes mean incremental State and local sales and use taxes imposed pursuant to K.S.A. 12-187 et seq., 79-3601 et. seq. and 79-3701 et seq. and collected within the STAR Bond District.
Incremental Taxes means the amount in the STAF Account equal to the amount of ad valorem taxes, if any, paid in respect of the Project Area which is attributable to the increase in the equalized assessed value of the Project Area and its improvements over the initial equalized assessed value of the Project Area as of the date of the adoption of Ordinance No. 060-2007 adopting tax increment financing pursuant to the TIF Act, all as calculated in accordance with the TIF Act. During the Term, the City shall make certain payments to the Developer from the STAF Account as provided in Article 4.
Incremental Taxes has the meaning set forth in Section 9.11.5.3 (Tax Actions).
Incremental Taxes means the excess of (i) the cash Taxes actually paid or payable by a Canadian Seller, a U.S. Seller or an EMEA Seller, as the case may be, for the Closing Taxable Year and subsequent taxable years as a result of the receipt of the Optioned Licenses Fees, over (ii) the cash Taxes that would have been payable by a Canadian Seller, a U.S. Seller, or an EMEA Seller, as the case may be, for the Closing Taxable Year and subsequent taxable years if the Optioned Licenses had not been granted and the amount of the Optioned License Fees had instead been paid as additional Purchase Price for the Assets, in each case taking into account the character of the income recognized by the Canadian Sellers, the U.S. Sellers or the EMEA Sellers, as the case may be, in the Closing Taxable Year and subsequent taxable years, the Tax rates actually applicable to the Canadian Sellers. the U.S. Sellers or the EMEA Sellers, as the case may be, in the Closing Taxable Year or such subsequent taxable years, the deductibility or creditability in one jurisdiction of Taxes imposed by another jurisdiction and any limitations thereon, and determined in each case as if all losses, undeducted expenses, tax credits or any other tax attributes that are available under Applicable Law as determined by the Canadian Sellers, the U.S. Sellers or the EMEA Sellers, as the case may be, in their reasonable discretion, could have been used to reduce the amount of cash Taxes payable by the Canadian Sellers, the U.S. Sellers or the EMEA Sellers, as the case may be, for the Closing Taxable Year or a subsequent taxable year had been so used.
Incremental Taxes means the ad valorem taxes, if any, arising from the tax levies upon taxable real property in the Project Area by any and all taxing districts or municipal corporations having the power to tax real property in the Project Area, which taxes are attributable to the
Incremental Taxes means, subject to any prior lien, the ad valorem taxes, if any, arising from the ad valorem taxes respectively levied by the Issuer and other taxing bodies levying taxes upon all taxable real property in the TIF 1 Area and the TIF 2 Area which ad valorem taxes are attributable to the increase in the then current equalized valuation of each taxable lot, block, tract or parcel of real property in such respective TIF 1 Area and TIF 2 Area over and above the initial equalized assessed value of each such taxable lot, block, tract or parcel, all as determined by the County Clerk of Champaign County, Illinois, under and pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.) and includes any lawfully available successor or replacement taxes.