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.

  • After the change in the distribution method, the County made Local Sales Tax Grants to the towns to lessen the local sales tax revenue loss.7 In FY06-07, the Sales Tax Grants were as follows: Plymouth, $74,646; Roper, $13,996; and Creswell, $4,665.8 The Local Sales Tax Grants began in FY04-05.

  • The Sales Tax Grants made hereunder shall be paid solely from lawfully available funds that have been appropriated by the City.

  • The City has executed and delivered the Note to GF III to further evidence the Sales Tax Grants to be paid hereunder.

  • Public Facility:Parks & Recreation (CONTINUED)Service Area:City of Gainesville Project Description GF = General Fund SPLOST = Special Purpose Local Option Sales Tax Grants = TEA, CDBG, LWCF, etc.

  • Currently, Mirai-no-Kakehashi opened in April 2017 and is in the process of installing an elevator to make it barrier-free.

  • 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.

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.

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

  • 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.

  • 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 shall have the meaning set forth in Section 7.3 below.

  • 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 Authority (including IRS Notice 2020-65).

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • 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.