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The tax savings are listed in regulatory filings as "excess tax benefits from stock-based compensation".
Without the use of rebates, businesses with excess tax benefits would be incentivized to shift these tax assets to other businesses that could benefit from them.
Strong economic growth during the 90's provided excess tax revenue that the federal government has begun to use in making a down payment toward paying off our national debt.
District Attorney Paul L. Mangieri wants to sue Maytag to recoup what he says were excess tax breaks in a broad package of incentives to keep the company here.
Following up on their arguments of earlier this year that Mr. Bush's tax cut would prove unaffordable, Democrats said they were confident that the administration would pay a political price for breaching informal agreements between the two parties not to spend any of the excess tax revenue generated by Medicare and Social Security.
Under this approach, the official said, the McGreevey administration would pledge any excess tax revenues over what is needed to pay the annual debt service on the arena to reduce the outstanding debt of the New Jersey Sports and Exposition Authority.
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Ultimately, many owners win refunds for their excess taxes, and the staggering bills have nearly bankrupted the county.
The agreement also requires that commercial property owners who get property tax refunds distribute the proceeds to any tenants who originally paid the excess taxes.
They also accused the majority of padding the budget with excess taxes to build a fiscal cushion for Mr. Suozzi early in his term.
Mr. Kessel said the payments could only be understood in the context of the larger settlement, which spared Suffolk County from having to pay the full $1.4 billion settlement, as opposed to a $620 million reimbursement of excess taxes to LIPA.
He said the city was investigating its legal options after an arbitrator ruled that the city was owed $14.7 million in back rent and relocation expenses, but that the Devils were owed $15.3 million in parking revenue, excess taxes and capital costs.
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