Conditions and Requirements. a. Any request for retail sales tax rebates shall be considered by the Keller City Council. b. Rebate applies only to the one percent (1%) local option sales tax payable to the City on the Grantee’s annual taxable retail sales for the business located specifically in Town Center and described the said Grant Agreement. c. Rebate amounts and term set forth in accordance with Section B.1.a. shall be granted (paid to Grantee) consecutively without deviation. d. Rebate amount requested and taxable retail sales information submitted by Grantee is subject to verification by the City and confirmed by the State Comptroller. (State Comptroller monthly reporting and annual accounting period is based on the calendar year; therefore, confirmation of Grantee’s taxable retail sales information will be available following the end of the preceding calendar (sales tax reporting) year.) e. Rebate, if approved, will be paid annually, based on the date of the City’s issuance of the Certificate of Occupancy for Grantee’s business; however, said rebate shall be made within thirty (30) days following the receipt by the City of confirmation of the Grantee’s taxable retail sales by the State Comptroller pursuant to Section B.2.d. and following the preceding calendar year and continuing annually hereafter in accordance with the Grant Agreement and Section B.1. f. If the business granted a sales tax rebate under Section B.1. or B.2. and ceases operation during any calendar year, no sales tax rebate associated with the Grantee’s business operation will be paid by the City, and the Grant shall terminate immediately upon notification of the business ceasing operation.
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Conditions and Requirements. a. Any request for retail sales tax rebates shall be considered by the Keller City Council.
b. Rebate applies only to the one percent (1%) local option sales tax payable to the City on the Grantee’s annual taxable retail sales for the business located specifically in Town Center and described the said Grant Agreement.
c. Rebate amounts and term set forth in accordance with Section B.1.a. shall be granted (paid to Grantee) consecutively without deviation.
d. Rebate amount requested and taxable retail sales information submitted by Grantee is subject to verification by the City and confirmed by the State Comptroller. (State Comptroller monthly reporting and annual accounting period is based on the calendar year; therefore, confirmation of Grantee▇▇▇▇▇▇▇’s taxable retail sales information will be available following the end of the preceding calendar (sales tax reporting) year.)
e. Rebate, if approved, will be paid annually, based on the date of the City’s issuance of the Certificate of Occupancy for Grantee▇▇▇▇▇▇▇’s business; however, said rebate shall be made within thirty (30) days following the receipt by the City of confirmation of the Grantee’s taxable retail sales by the State Comptroller pursuant to Section B.2.d. and following the preceding calendar year and continuing annually hereafter in accordance with the Grant Agreement and Section B.1.
f. If the business granted a sales tax rebate under Section B.1. or B.2. and ceases operation during any calendar year, no sales tax rebate associated with the Grantee’s business operation will be paid by the City, and the Grant shall terminate immediately upon notification of the business ceasing operation.
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