REET definition

REET means that portion of projected real estate excise tax revenues that is expected to be dedicated to parks capital.
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REET means real estate excise tax. Maintain, repair, or upgrade agency internal systems for the acceptance of electronic Data from the County in lieu of paper Transmittal. The Department will maintain, repair, and upgrade such systems in compliance with the standards specified within this agreement and its attachments. • Maintain, repair or upgrade existing internal systems used for the electronic processing and reporting of REET Affidavits to maintain compatibility with the automated real estate excise tax system developed by the Department, and as otherwise necessary to comply with the requirements outlined in this agreement. • Assure that the County system will generate and submit the data in the format specified in the Real Estate Excise Tax Affidavit [REET] Schema (Attachment A). • Submit Data from a single source at least monthly. • Assure that the Data submitted will only include affidavit transactions that will be accounted for on a Real Estate Excise Tax Statement of taxes collected. Data submitted to the Department shall contain no incomplete or rejected transactions. • Submit Data to the Department electronically using one of three methods: single submit, web service, or batch upload as described in the Real Estate Excise Tax Web Service County Requirements & Specifications (Attachment B). • Provide the Department access to the original versions of the electronically submitted Affidavits free of charge. Internet access to images or another pre-approved alternative may fulfill this requirement. A complete description of the manner in which the Department can gain access to the original Affidavits is submitted as Attachment C. This requirement will survive even after termination of this MOU for Affidavits submitted electronically during the time this MOU was in effect. • Assure that any Affidavits not submitted to the Department using the process set forth in Attachment C will continue to be sent to the Department via paper attached to each Real Estate Excise Tax Statement of taxes collected. • Assure that the combination of Affidavits submitted electronically and by paper, in total, reconcile to the data submitted on the Real Estate Excise Tax Statement of taxes collected each month. • Meet other specific detailed system specifications included in Attachment B (Real Estate Excise Tax Web Service County Requirements and Specifications).
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Examples of REET in a sentence

  • Funding is provided through the Real Estate Excise Tax 2 (REET 2) Fund and projects must comply with fund restrictions and ideally, be included in the receiving entity’s adopted capital budget.

  • Subject Verb Agreement Most Confusing Concepts with PYQs : 2nd Grade, 1st Grade, REET, DSSSB, LDC - Subject Verb Agreement Most Confusing Concepts with PYQs : 2nd Grade, 1st Grade, REET, DSSSB, LDC by ▇▇.

  • All parties of the Electronic REET transaction desire to operate and maintain a secure recording system that safeguards parties to recordation from deceit, fraud and forgery.

  • Additionally, the City shall pay interest accruing from January 1, 2014 until the date of payment at the rate of earnings on the funds: REET – Urban 2nd Qtr.

  • The County will not incur any liability for any breach of security, fraud or deceit as a result of Electronic REET by or through Company.

  • Develop plan adding amenities and recreation components, restrooms LWCF RCO ALEA Permitting Construction $3,470,000 $1,376,908 $1,352,620 Grants REET 1/2 Park Impact Fees $895,833 $724,362 $710,120 $2,574,167 $652,546 $642,500 to accommodate increased growth.

  • Buyer shall pay the real estate excise tax (“REET”) assessed in connection with Closing, if any, any REET affidavit fees, the premium and all associated charges for the standard owner’s coverage title insurance, and the fees and charges (including recording fees) of the Escrow Holder in connection with the Closing (“Escrow Fees”).

  • Attachment B contains the Document and Indexing Specifications for the Electronic REET program.

  • The Company and its employees attest to the accuracy and completeness and conformity of the paper originals to the electronic records and acknowledge responsibility for the content of the documents submitted through the Electronic REET Program.

  • Real Estate Excise Tax Affidavit [REET] Schema An XML schema describes the structure of an XML document.

Related to REET

  • Youth center means any public or private facility that is primarily used to host recreational or social activities for minors, including, but not limited to, private youth membership organizations or clubs, social service teenage club facilities, video arcades, or similar amusement park facilities.

  • Seaplane means a fixed wing aircraft which is designed for taking off and landing on water and includes amphibians operated as seaplanes;

  • Façade means the principal front or fronts of a building.

  • Sailboat means the same as that term is defined in Section 73-18-2.

  • Hall means a unit of residence or of corporate life for the students of the University, or of a College or an Institution, maintained by the University;