Sales Tax Increment definition

Sales Tax Increment means Sales Tax Revenues collected by the City in excess of the Sales Tax Base Amount.

Sales Tax Increment means the annual change in Sales Tax Revenuecompared to the Sales Tax Baseline.

Sales Tax Increment means the increment of sales tax revenues generated by the City’s 1% sales tax on the Property each year that is paid to the City and then remitted to the Authority, which is calculated by deducting the Sales Tax Base Amount from the total sales tax revenues generated by the City’s 1% sales tax on the Property in the fiscal year.

Examples of Sales Tax Increment in a sentence

• For the 1987 Net State Sales Tax Increment payable in Fiscal Year 1989, no municipality shall receive more than 7.5% of the total appropriation; provided, however, that any of the appropriation remaining after such distribution shall be prorated among municipalities on the basis of their pro rata share of the total increment.

• Beginning on January 1, 1993, each municipality's proportional share of the Illinois Tax Increment Fund shall be determined by adding the annual Net State Sales Tax Increment and the annual Net Utility Tax Increment to determine the Annual Total Increment.

• The Department of Revenue shall certify pursuant to subsection (9) of Section 11-74.4-8a the appropriate boundaries eligible for the determination of State Sales Tax Increment.

• Sales tax increments are categorized as either Retail Sales Tax Increment or Economic Development Sales Tax Increment.

• Such procedures shall stipulate that construction related Sales Tax Increment Revenues be derived only from new construction activities occurring within the Increment District.

More Definitions of Sales Tax Increment

Sales Tax Increment means, on an annual basis, the difference between the Sales Tax Base and the amount of Sales Tax actually generated by a participating Automobile Dealership and received by the City from the State Board of Equalization. It shall be determined by reference to actual receipts. For new Dealerships, all Sales Tax received by the City shall be deemed to be Sales Tax Increment unless adjustments or additional conditions are incorporated into a Participation Agreement. Under no circumstances shall the City be liable for providing City Assistance in the event that, or to the extent that, Sales Tax Increment is not actually received and retained by the City.

Sales Tax Increment means the net new sales tax revenues generated by sales within the boundaries of the CAC, using as the baseline a base rate of 2.25%. The sales tax revenue amount for the purposes of establishing the Sales Tax Increment shall be the amount of sales tax revenue for calendar year 2010.

Sales Tax Increment means, on a quarterly basis, the amount of Sales Tax actually generated by the Approved Business and received by the City from the State Board of Equalization after the Effective Date. It is determined by reference to actual receipts by the City of Sales Tax from the State Board of Equalization. Under no circumstance shall the City be liable for any reimbursement of Sales Tax Increment not actually received and permanently retained by the City. Sales Tax Increment shall not include (i) Penalty Assessments; (ii) any administrative fee charged by the California State Board of Equalization; or (iii) any Sales Tax attributable to any transaction not consummated within the Term of this Agreement.

Sales Tax Increment means for any quarter the METRO Sales Tax minus the Sales Tax Base.

Sales Tax Increment means, for each Fiscal Year subsequent to the creation of the Sales Tax Increment Area, all Sales Tax Revenues in excess of the Sales Tax Base Amount and paid to the Authority by the City; provided that such amount shall be reduced by costs and expenses of the City for such Fiscal Year of enforcing the Sales Tax in the Sales Tax Increment Area and collecting the Sales Tax Revenues as allowed by State statute, including the pro-rata share of uncollectible Sales Tax Revenues to be absorbed by DURA for such Fiscal Year as set forth in this Cooperation Agreement.

Sales Tax Increment means the portion of Sales Tax Revenues in excess of Base Year Sales Tax.

Sales Tax Increment means the net new sales tax revenues generated by sales within the boundaries of the CAC, using as the baseline a base rate of 2.25% and the amount of tax revenue received in the twelve (12) months immediately preceding the Effective Date.