This form is a clause regarding additional rent element of an office lease providing for tax increases. The tax increases pertain to assessments and special assessments levied, assessed or imposed upon the building and/or the land under, including any land(s) dedicated to the use of, the building, by any governmental bodies or authorities.
The Phoenix Arizona Tax Increase Clause is a legal provision that allows for the increase of taxes to be imposed on certain entities or individuals within the city of Phoenix, Arizona. This clause comes into effect when there is a need for additional revenue to support various public services, infrastructure projects, or to address specific financial obligations of the city government. Keywords: Phoenix Arizona, Tax Increase Clause, legal provision, increase of taxes, entities, individuals, city, additional revenue, public services, infrastructure projects, financial obligations, city government. There are different types of Phoenix Arizona Tax Increase Clauses that cater to specific circumstances and economic needs within the city. 1. General Tax Increase Clause: This type of tax increase clause allows for a broad-based increase in taxes across several sectors or categories within the city, such as property taxes, sales taxes, or business taxes. 2. Special Assessment Tax Increase Clause: This clause applies to specific properties or areas within Phoenix and allows for targeted tax increases, usually to fund specific projects that benefit those properties or areas directly. For example, if a new road or park is being developed in a particular neighborhood, the residents of that area may be subjected to a special assessment tax increase to help fund its construction. 3. Temporary Tax Increase Clause: This clause authorizes a limited time-frame tax increase to address temporary financial needs or crisis situations faced by the city. It may be enacted during times of economic recession, natural disasters, or to fulfill short-term financial obligations. 4. Voter-Approved Tax Increase Clause: Under this provision, any tax increase must be approved by the voters of Phoenix through a ballot initiative or referendum. This clause ensures that citizens have a say in any major tax increases and allows them to directly decide on such matters. It is important to note that the specific details and requirements of these tax increase clauses may vary depending on current laws, municipal regulations, and the priorities set forth by the Phoenix city government. Therefore, it is crucial for individuals, entities, and businesses within Phoenix to familiarize themselves with the specific tax increase clause applicable to their situation to understand their tax obligations fully.The Phoenix Arizona Tax Increase Clause is a legal provision that allows for the increase of taxes to be imposed on certain entities or individuals within the city of Phoenix, Arizona. This clause comes into effect when there is a need for additional revenue to support various public services, infrastructure projects, or to address specific financial obligations of the city government. Keywords: Phoenix Arizona, Tax Increase Clause, legal provision, increase of taxes, entities, individuals, city, additional revenue, public services, infrastructure projects, financial obligations, city government. There are different types of Phoenix Arizona Tax Increase Clauses that cater to specific circumstances and economic needs within the city. 1. General Tax Increase Clause: This type of tax increase clause allows for a broad-based increase in taxes across several sectors or categories within the city, such as property taxes, sales taxes, or business taxes. 2. Special Assessment Tax Increase Clause: This clause applies to specific properties or areas within Phoenix and allows for targeted tax increases, usually to fund specific projects that benefit those properties or areas directly. For example, if a new road or park is being developed in a particular neighborhood, the residents of that area may be subjected to a special assessment tax increase to help fund its construction. 3. Temporary Tax Increase Clause: This clause authorizes a limited time-frame tax increase to address temporary financial needs or crisis situations faced by the city. It may be enacted during times of economic recession, natural disasters, or to fulfill short-term financial obligations. 4. Voter-Approved Tax Increase Clause: Under this provision, any tax increase must be approved by the voters of Phoenix through a ballot initiative or referendum. This clause ensures that citizens have a say in any major tax increases and allows them to directly decide on such matters. It is important to note that the specific details and requirements of these tax increase clauses may vary depending on current laws, municipal regulations, and the priorities set forth by the Phoenix city government. Therefore, it is crucial for individuals, entities, and businesses within Phoenix to familiarize themselves with the specific tax increase clause applicable to their situation to understand their tax obligations fully.
