Sales Tax Grants definition

Sales Tax Grants means economic development grants each in the amount equal to one hundred percent (100%) of the Sales Tax Receipts received by the City for the applicable Grant Period not to exceed the Maximum Annual Sales Tax Grant Amount, to be paid annually to the Company as set forth herein. The amount of each Sales Tax Grant shall be computed by multiplying the Sales Tax Receipts received by the City by the stated percentage for the given Grant Period less the administrative fee charged to the City by the State of Texas, not to exceed the Maximum Sales Tax Grant Amount.
Sample 1

Examples of Sales Tax Grants in a sentence

  • The DCEDC may consider making a recommendation to the City Council for the consideration of Sales Tax Grants as outlined in this policy.

  • The EDC represents and warrants to the Company that it has full legal authority under all applicable laws to enter into and perform the obligations provided in this Agreement, including the payment of the Sales Tax Grants, on the terms provided herein and the sale of the Land under the terms of the at Purchase Agreement, and that all necessary approvals for the EDC to enter into this Agreement and the Purchase Agreement have been obtained.

  • In the event the State of Texas seeks to invalidate Home Depot as a place of business where Sales and Use Tax was properly remitted to the State of Texas (the "Comptroller Challenge") the payment of Annual Sales Tax Grants by the City hereunder shall be suspended until such Comptroller Challenge is resolved in whole favorably to the City.

  • The Annual Sales Tax Grants paid by the City to Home Depot shall occur annually until the cumulative payments of sales tax grants to Home Depot equal the Maximum Sales Tax Grant.

  • Average investment portfolio balances decreased $60.5 million for the three months ended September 30, 2014, which was partially offset by an increase of 14 basis points in the average portfolio yield compared to the same period of 2013.

  • In the event the Comptroller Challenge is resolved favorably to the City, the City shall remit to Home Depot all unpaid Annual Sales Tax Grants that they would have otherwise been entitled to during the suspension due to the Comptroller Challenge.

  • Use and leverage the GEO Community Marketing Grant and the second Saguache County Sales Tax Grants to support the public outreach and education work.

  • In such event, the Company shall not be required to return or refund Sales Tax Grants previously received from the City provided the Lessee is actively defending against and/or contesting the Comptroller Challenge and Company promptly informs the City in writing of such Lessee actions and with copies of all documents and information related thereto.

  • The DCEDC may consider making a recommendation to the City Council for the consideration of Sales Tax Grants as outlined in this policy.2. The City Council of Duncanville may consider a resolution calling a public hearing to consider the establishment of a tax reinvestment zone.

  • In the event such court or other action or proceeding related to the legality of this Agreement and the providing of the Sales Tax Grants (or any part thereof) or any other incentive described herein is instituted, the parties shall defend or respond to such action or proceeding at their respective expense.

Related to Sales Tax Grants

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

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

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

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

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Milestone Payments has the meaning set forth in Section 4.2.

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

  • Qualifying Provinces means, collectively, all of the provinces of Canada except Québec.

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

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Sublicense Fees means all upfront fees, milestone payments and similar license fees received by LICENSEE from its Sublicensees in consideration for the grant of a Sublicense, but excluding:

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

  • Taxation means all forms of taxation, duties, rates, levies, contributions, withholdings, deductions, liabilities to account, charges and imposts whether imposed in the United Kingdom or elsewhere in the world;

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Governmental Entity (including IRS Notice 2020-65).

  • 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.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -