Tax Obligation definition

Tax Obligation has the meaning ascribed to that term in Section 4.2(a).

Tax Obligation means a bond, note, contract obligation, assessment, or other evidence of indebtedness payable primarily or secondarily from ad valorem taxes as a general or full faith and credit obligation of a public corporation.

Tax Obligation means any amount of Tax owing by a Person to a Taxing Authority;

Examples of Tax Obligation in a sentence

• The City Tax Obligation shall be reduced by an annual affordable housing grant from the City (the “Affordable Housing Grant”), which will be automatically applied as a credit against the City Tax Obligation to reduce the Annual in Lieu of Amount to be paid by the Owner to the City under this PILOT Agreement to Fifty-Six Thousand, Five Hundred Dollars ($56,500.00).

• An RMA may contain a provision that allows Developer to request that the Total Tax Obligation be recalculated and Project Special Tax rates be reduced before any First Tranche CFD Bonds are issued so that the Total Tax Obligation does not exceed two percent (2%) of the actual or projected sales prices of Taxable Residential Units at the time of recalculation.

• If an RMA is modified to increase the Project Special Tax rates, the Assigned Project Special Tax Rates will be modified so that the Total Tax Obligation on any Taxable Residential Unit within a CFD does not exceed the 2% Limitation when the proposed modification goes into effect.

• The Assigned Project Special Tax Rates will be set so that the Total Tax Obligation on any Taxable Residential Unit within a CFD will not exceed two percent (2%) of the projected sales price of that Taxable Residential Unit calculated at the time of the resolution of intention to form the CFD (the “2% Limitation”).

• If, in any Fiscal Year, the CFD Administrator identifies a total number of Affordable Units within CFD No. 2005-01 greater than 43, the Property Owner of the additional Affordable Units will be required to prepay the Special Tax Obligation on such Affordable Units prior to issuance of a Certificate of Occupancy.

More Definitions of Tax Obligation

Tax Obligation means with respect to any period an amount equal to the total obligation of the Company to withhold and deposit federal, state or local employment and income taxes with respect to an Award.

Tax Obligation means any amount of Tax owing or required to be remitted by a Person to a Taxing Authority;

Tax Obligation means the amount equal to the Company’s applicable withholding obligation.

Tax Obligation means any and all income tax, social insurance, payroll tax, payment on account or other tax related items arising out of Participant’s participation in the Plan and legally applicable to Participant.

Tax Obligation means an amount equal to the aggregate minimum federal, state and local income and employment taxes that the Company is required to withhold and deposit on behalf of an Optionee with respect to the Optionee’s exercise of all or any portion of the Option.

Tax Obligation means any duty expected of a taxpayer under a tax law and includes registration, filing and payment of a tax liability;

Tax Obligation means a taxpayer’s duty under the tax law to calculate the tax correctly, pay the tax and related amounts to the budget in due time and perform all other duties related to the calculation and payment of taxes.