Sales Tax Revenues definition

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

Sales Tax Revenues means such tax collections realized under the Virginia Retail Sales and Use Tax

Sales Tax Revenues means tax collections under the Virginia Retail Sales and Use Tax Act

Examples of Sales Tax Revenues in a sentence

• For a period of five years beginning on the Sales Tax Effective Date, City shall pay Owner a Chapter 380 payment equal to 80% of the One Cent Sales Tax Revenues.

• For a period of 15 years following the initial five year period, City shall pay Owner a Chapter 380 payment equal to 50% of the One Cent Sales Tax Revenues.

• Unless otherwise inconsistent with the terms of this Agreement and except for the use of Sales Tax Revenues and Annual Debt Service in covenants and ratios in this Agreement, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP.

• Owner acknowledges that it is possible that the legislature may enact similar legislation in the future which would cause a corresponding reduction of and/or delay in the payment of the Sales Tax Revenues and that such reduction will cause Owner a corresponding reduction and/or delay in the payment of the Covenant Payments due to Owner during such time as such legislation is in effect.

• Furthermore, Owner acknowledges that it is possible that the legislation described above, or some variant thereof, may be enacted and effective during one or more subsequent times during the Eligibility Period and may materially and negatively impact the amount of Sales Tax Revenues and, accordingly, Covenant Payments.

More Definitions of Sales Tax Revenues

Sales Tax Revenues means such tax collections realized under the Virginia Retail Sales and Use Tax 847 Act (§ 58.1-600 et seq.) of this title, as limited herein. "Sales tax revenues" does not include the revenue 848 generated by (i) the one-half 0.5 percent sales and use tax increase enacted by the 1986 Special Session 849 of the General Assembly which shall be paid to the Transportation Trust Fund as defined in 850 § 33.1-23.03:1, nor shall it include (ii) the one 1.0 percent of the state sales and use tax revenue 851 distributed among the counties and cities of the Commonwealth pursuant to subsection D of § 58.1-638 852 on the basis of school age population, (iii) the revenue generated by the 0.3 percent sales and use tax 853 increase enacted by the 2013 Session of the General Assembly, or (iv) any sales and use tax revenues 854 generated by increases imposed by the 2013 Session of the General Assembly and allocated to the 855 Northern Virginia Transportation Authority Fund established under § 15.2-4838.01 or the Hampton 856 Roads Transportation Fund established under § 33.1-23.5:3. For a public facility that is a sports facility, 857 "sales tax revenues" shall include such revenues generated by transactions taking place upon the 858 premises of a baseball stadium or structures attached thereto.

Sales Tax Revenues means the Gross Sales Tax minus any refunds and any fees

Sales Tax Revenues means, collectively, the Home Rule Sales Tax Revenues and the Local Share Sales Tax Revenues payable to the Corporation pursuant to the Sale Agreement.

Sales Tax Revenues means tax collections under the Virginia Retail Sales and Use Tax Act 819 (§ 58.1-600 et seq.), as limited herein, generated by transactions taking place upon the premises of a 820 facility, including transactions generating revenues in connection with the development and construction 821 of a facility. Except to the extent directed by a local governing body pursuant to § 15.2-5814, sales tax 822 revenues shall not include any local general retail sales and use tax levied pursuant to §§ 58.1-605 and 823 58.1-606.

Sales Tax Revenues means the portion of the local government infrastructure surtax (Penny for Pasco) expended by the County during a fiscal year for Transportation Capital Expenses, excluding the portion of such taxes for which a revenue credit was given to Development paying a Mobility Fee.

Sales Tax Revenues means the amounts available for distribution to the Borrower on account of the retail transactions and use tax imposed in the County of San Diego pursuant to the Sales Tax Act and the Ordinance after deducting amounts payable by the Borrower to the State Board of Equalization for costs and expenses for its services in connection with the retail transactions and use taxes collected pursuant to the Sales Tax Act known as TransNet.

Sales Tax Revenues has the meaning set forth in the Recitals above.