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through 2032, or (ii) the total annualized aggregate payroll falls below $32,240,000 as of <br />December 31 of each of the years 2028 through 2032, Amazon's eligibility to continue <br />receiving Chapter 380 Payments that include rebates associated with Personal Property <br />Taxes and Real Property Taxes for such year shall automatically cease. For the <br />avoidance of doubt, (i) this subparagraph does not apply to Sales Tax Rebates, and (ii) <br />the City ad valorem tax rebate is not capped; thus, any investments in Real Property <br />Improvements or Personal Property that exceed the estimates set forth in this Agreement <br />and increase taxable value will generate City ad valorem tax rebates. <br />b. A summary of the eligibility for Chapter 380 Payments is described in <br />"Exhibit D." <br />Section 4.04. Parameters for Sales Tax Revenue Portion of Chapter 380 Payments. <br />The Sales Tax Revenue portion of each Chapter 380 Payment shall be paid on taxable sales and <br />uses in accordance with the following schedule: <br />Annual Taxable Sales and Uses <br />Percentage of Rebate on Sales <br />Tax Revenues Generated from <br />such Sales and Uses <br />$100,000 - $10,000,000 <br />15% <br />$10,000,001 - $50,000,000 <br />25% <br />$50,000,001 — $100,000,000 <br />50% <br />$100,000,001 - $200,000,000 <br />75% <br />$200,000,001 - $300,000,000 <br />80% <br />$300,000,001 - $750,000,000 <br />85% <br />Above $750,000,000 <br />No further rebate <br />The foregoing rebate percentages shall be applied incrementally. For example, if annual taxable <br />sales and uses for a particular year total $12,000,000, then the City would rebate 15 percent of <br />the Sales Tax Revenues attributable to the first $10,000,000 and 25 percent of the Sales Tax <br />Revenues attributable to the next $2,000,000. <br />0 <br />