Tax limitation definition

Tax limitation means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a different charter limitation on property taxes levied to pay debt charges on unvoted securities, that charter limitation. Those limitations shall be respectively referred to as the "ten-mill limitation" and the "charter tax limitation."
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Tax limitation means the "ten-mill limitation" as677defined insection 5705.02 of the Revised Code without678diminutionby reason of section 5705.313 of the Revised Code or679otherwise,or, in the case of a municipal corporation or county680
Sample 1Sample 2Sample 3
Tax limitation means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a
Sample 1

Examples of Tax limitation in a sentence

  • Tax limitation" means the "ten-mill limitation" as defined in section 5705.02 of the Revised Code without diminution by reason of section 5705.313 of the Revised Code or otherwise, or, in the case of a municipal corporation or county with a different charter limitation on property taxes levied to pay debt charges on unvoted securities, that charter limitation.

Related to Tax limitation

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.