Sales Tax Debt definition

Sales Tax Debt means all outstanding Notes, Parity Debt and Senior Lien Debt secured by the Sales Tax.

Examples of Sales Tax Debt in a sentence

  • All Sales Tax Debt purchased, redeemed or retired by use of funds received from the sale of refunding debt, and all Sales Tax Debt surrendered to the trustee for such debt against the issuance of refunding debt, shall be forthwith cancelled and shall not be reissued.No Note of any Series nor any Advance nor any Credit Provider Loan shall be deemed to constitute refunding debt.SECTION 3.06.

  • NOTES TO THE BASIC FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) Sales Tax Debt - This fund is used to account for activity related to debt issued specifically for construction of a new sheriff’s facility, renovation of the London Avenue property and other construction projects.

  • Must have completed six or more academic years of regular full-time or regular part- time employment at Tillamook Bay Community College.

  • From and after the date of a replacement, the outstanding Bond shall have a first and prior lien, but not necessarily an exclusive such lien, upon such replacement revenues to the extent therein specified, which lien shall be on a parity with the lien of the Prior Bonds and any other then outstanding Parity Sales Tax Debt, each as hereinafter defined.

  • Motion to approve a reserve transfer in the amount of $241,555 from Fire/EMS Impact Fees to the Series 2015 Sales Tax Debt Service Fund as a budgeted recurring transfer from the Fire/EMS Impact Fee Fund to pay debt service on the construction of combined Fire Station 5 & 11.

  • COOK COUNTY BOND RATINGS(as of November 2022)Rating Outlook General Obligation Debt Moody's Investors Services A2 PositiveStandard & Poors A+ StableFitch Ratings AA- Stable Sales Tax Debt Standard & Poors AA- StableKroll AAA StableSource: Cook County Bond Ratings at https://www.cookcountyil.gov/service/cook-county-bond-ratings.

  • Furthermore, the report shows only the book balance for the general checking account, but this account contains pooled monies for the Street, Sales Tax, Debt Service, and ARPA funds.

  • Subsection (1)(d) above shall have effect only in relation to expenditure which is to be treated for the purposes of this Part as incurred after the end of the year 1956-57.

  • This table indicates that nearly 19 million tons are generated as discarded materials and 15.2 million tons are landfilled.

  • From 78 Sales Tax Debt Service:To increase the 2003 budget figure in the amount of $163,299.00 for the transfer of balance remaining after bonds were paid in full.

Related to Sales Tax Debt

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

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

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

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Taxable Equivalent of the Short-Term Municipal Bond Rate on any date means 90% of the quotient of (A) the per annum rate expressed on an interest equivalent basis equal to the Kenny S&P 30-day High Grade Index (the "Kenny Index") or any successor index, made available for the Business Day immediately preceding such date but in any event not later than 8:30 A.M., New York City time, on such date by Kenny Information Systems Inc. or any successor thereto, based upon 30-day yield evaluations at par of bonds the interest on which is excludable for regular Federal income tax purposes under the Code of "high grade" component issuers selected by Kenny Information Systems Inc. or any such successor from time to time in its discretion, which component issuers shall include, without limitation, issuers of general obligation bonds but shall exclude any bonds the interest on which constitutes an item of tax preference under Section 57(a)(5) of the Code, or successor provisions, for purposes of the "alternative minimum tax," divided by (B) 1.00 minus the Marginal Tax Rate (expressed as a decimal); provided, however, that if the Kenny Index is not made so available by 8:30 A.M., New York City time, on such date by Kenny Information Systems Inc. or any successor, the Taxable Equivalent of the Short-Term Municipal Bond Rate shall mean the quotient of (A) the per annum rate expressed on an interest equivalent basis equal to the most recent Kenny Index so made available for any preceding Business Day, divided by (B) 1.00 minus the Marginal Tax Rate (expressed as a decimal). The Corporation may not utilize a successor index to the Kenny Index unless Moody's and S&P provide the Corporation with written confirmation that the use of such successor index will not adversely affect the then-current respective Moody's and S&P ratings of the AMPS.

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and