Municipal Revenues definition

Municipal Revenues means the total additional revenues from sales taxes (other than Economic Activity Tax Revenues) received by the City during any calendar year and which are generated by retail sales within RPA 2 over the amount of such taxes generated by retail sales within RPA 2 in the calendar year ending December 31, 2002, while tax increment financing remains in effect, excluding the City’s fire protection sales tax and the City’s one-half cent parks and stormwater tax imposed pursuant to Section 644.032 of the Revised Statutes of Missouri, as amended.
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Municipal Revenues means revenues from the City in an amount equal to the TDD Sales Tax received by the TDD from retail sales originating from Phase III of the Redevelopment Project, but not to exceed $210,000 in any year, beginning January 1, 2018 and ending July 1, 2035.
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Municipal Revenues means, while tax increment financing remains in effect and, subject to annual appropriation, the total additional revenue from taxes, penalties and interest that do not otherwise constitute TIF Revenues hereunder, and which are imposed by the City and are generated by economic activities within the Property over the amount of such taxes generated by economic activities within the Property in calendar year ended December 31, 2005, while tax increment financing remains in effect, but excluding personal property taxes, taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, taxes levied pursuant to Section 70.500 of the Revised Statutes of Missouri, as amended, or taxes levied for the purpose of public transportation pursuant to Section 94.660 of the Revised Statutes of Missouri, as amended, licenses, fees or special assessments other than payments in lieu of taxes and penalties and interest thereon. On each January 15, April 15, July 15 and October 15 while the TIF Notes remain outstanding, the City shall transfer and deposit all Municipal Revenues into the Municipal Revenues Fund of the Revenue Fund of the Special Allocation Fund.
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Examples of Municipal Revenues in a sentence

  • Certificate of Debt from the Municipal Revenues Collection Center for taxes on personal and real property (Certification of Debt for All Concepts).

  • The Secretary of the Department of the Treasury or the Executive Director of the Municipal Revenues Collection Center (CRIM) may deny any tax incentives or benefits requested if, in their judgment, the information requested has not been supplied.

  • The 22% operating surplus is a stable result (table 1); albeit it might be less, since some part of the central government transfers appear to be earmarked development grants and thus should be Page83 The Turkey Act on Municipal Revenues stipulates Participation Charges for Road, Water and Sewage Expenses.

  • The future Municipal Revenue was then calculated by employing the relationship between Municipal Revenues (“MR”), GVA and Population, i.e. MR = f (GVA, Population).

  • The Secretary of the Department of the Treasury or the Executive Director of the Municipal Revenues Collection Center may deny any tax incentives or benefits requested if, in their judgment, the information requested has not been supplied.

  • Walter Bryson spoke on Resolution R:88-2011 scheduled for approval on the regular council meeting agenda A Resolution Of The Township Council Of The Township Of Monroe, County Of Gloucester, State Of New Jersey In Support Of The New Jersey League Of Municipalities Resolution No. 2010-22 Calling Upon The State To End Diversion Of Municipal Revenues And Demanding Compliance With State Law.

  • Once the Director of Development files the Eligibility Report and issues his/her recommendations, he/she shall send a copy of the decree project, within five (5) business days after having received the necessary documents to process the case, to the concerned agencies, including the concerned municipality and the Municipal Revenues Collection Center (CRIM, Spanish acronym), for their evaluation and recommendations.

  • In Municipal Revenues and Land Policies, Ingram and Hong (eds.), Cambridge Massachusetts: Lincoln Land Institute.

  • Population and Housing, Economy and Employment 351.1 Municipal Revenues 351.2 Decommissioning 36References 37Figures 39 LIST OF TABLES Table 1.

  • Once the amount of the fees for benefits to be imposed on each of the properties included in the district has been determined through a resolution to that effect, a certified copy of the latter shall be forwarded to the Municipal Revenues Collection Center, which shall proceed to impose, serve and collect the fees for benefits and remit the same to the Authority within the term provided in this section.


More Definitions of Municipal Revenues

Municipal Revenues means, while tax increment financing remains in effect and,
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Municipal Revenues means the following revenues of the City generated by economic activities in Components within the Development Project Area: (a) the general municipal sales tax levied pursuant to Ordinance No. 62884, or any successor thereto,
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Municipal Revenues shall have the meaning ascribed to such term in the Indenture. “Payments in Lieu of Taxes” shall have the meaning ascribed to such term in the Indenture.
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Municipal Revenues means 57.65% of the aggregate amount received by the City and generated within the Redevelopment Area from (a) the sales tax imposed by St. Louis County pursuant to Section 66.600 of the Revised Statutes of Missouri (currently 1.0%), (b) the sales tax imposed by the City pursuant to Section 94.850 of the Revised Statutes of Missouri (currently 0.25%), (c) the capital improvement sales tax imposed by the City pursuant to Section 99.890 of the Revised Statutes of Missouri (currently 0.50%), (d) the park and stormwater sales tax imposed by the City pursuant to Section 644.032 of the Revised Statutes of Missouri (currently 0.50%) and (e) the fire sales tax imposed by the City pursuant to Section 321.242 of the Revised Statutes of Missouri (currently 0.25%), in each case exclusive of Economic Activity Tax Revenues; provided, however, that if 57.65% of the amount received by the City pursuant to clauses (a) through (f) above in any calendar year is less than the amount set forth below for such calendar year, the City shall pay an additional amount (the “Shortfall Amount”) equal to the difference between (i) 57.65% of the amount received from such taxes and (ii) the amount set forth below for the applicable calendar year, but in no event shall the sum of the Municipal Revenues (including the Shortfall Amount) be more than 100% of the amount received by the City pursuant to clauses (a) through (f) above in such calendar year: Year Amount 2014 $295,000 2015 through 2023 300,000 Municipal Revenues shall also include any portion of the Utility Taxes that are not deemed to constitute Economic Activity Tax Revenues, it being the intention of the parties that the City pay the Trustee revenue constituting Utility Taxes of $8,798 per month (whether Economic Activity Tax Revenues or Municipal Revenues) as set forth in the Final Settlement Agreement. The Municipal Revenues shall be paid, subject to annual appropriation by the City, monthly to the Trustee pursuant to Section 402. The Shortfall Amount shall be paid, subject to annual appropriation by the City, on the tenth calendar day of February (or the next Business Day thereafter if the tenth is not a Business Day) of the following calendar year pursuant to Section 402. (By way of example, if in 2015 the total revenues received pursuant to clauses (a) through (f) are: (1) $600,000, then Municipal Revenues would equal $345,900 and the Shortfall Amount would equal zero; (2) $300,000, then Municipal Revenues would equal $172...
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Municipal Revenues means revenues from the City in an amount equal to the TDD Sales Tax received by the District from retail sales originating from Phase III of the Redevelopment Project, beginning January 1, 2018 and ending December 31, 2037.
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Related to Municipal Revenues

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

  • Anticipated county property tax revenue availability means the

  • Municipal Revitalization Index means the 2007 index by the

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

  • 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.

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

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

  • 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.

  • Municipal Act means the Municipal Act, 2001, S.O. 2001, c. 25, as amended;

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • MUNICIPAL TAXABLE INCOME means the following:

  • municipal area means the area of jurisdiction of the municipality demarcated in terms of the Local Government: Municipal Demarcation Act 1998 (Act No 27 of 1998);

  • System Revenues means all rates, rents, fees, charges,

  • Local school operating revenue means school operating taxes levied under section 1211 of the revised school code, MCL 380.1211. For a receiving district, if school operating taxes are to be levied on behalf of a dissolved district that has been attached in whole or in part to the receiving district to satisfy debt obligations of the dissolved district under section 12 of the revised school code, MCL 380.12, local school operating revenue does not include school operating taxes levied within the geographic area of the dissolved district.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • municipal tariff means a tariff for services which a municipality may set for the provision of a service to the local community, and includes a surcharge on such tariff;

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Covered Municipal Building means a building or facility that is owned or occupied by the Town that is 1,000 square feet or larger in size.

  • Municipal Pay Point means any municipal office in the area of jurisdiction of the Municipality designated by Council for such purposes, or any such other places as the Chief Financial Officer may from time to time designate.

  • Gross Revenue means:

  • 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

  • Gross Income from Operations means all sustainable income as reported on the financial statements delivered by the Borrower in accordance with this Agreement, computed in accordance with accounting principles reasonably acceptable to Lender, consistently applied, derived from the ownership and operation of the Property from whatever source, INCLUDING, but not limited to, (i) Rents from Tenants that are in occupancy, open for business and paying unabated Rent, (ii) utility charges, (iii) escalations, (iv) intentionally omitted; (v) service fees or charges, (vi) license fees, (vii) parking fees, and (viii) other required pass-throughs but EXCLUDING (i) Rents from Tenants that are subject to any bankruptcy proceeding (unless such Tenant has affirmed its Lease or Inland Western Retail Real Estate Trust, Inc. has master leased such Tenant's premises for full contract rent for a period not less than three years, and the net worth of Inland Western Retail Real Estate Trust, Inc. (as determined by Lender) is not less than such entity's net worth as of September 30, 2003), or are not in occupancy, open for business or paying unabated Rent, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds. Gross income shall not be diminished as a result of the Mortgage or the creation of any intervening estate or interest in the Property or any part thereof.