Common use of Tax Abatement Clause in Contracts

Tax Abatement. Subject to full compliance with the procedures required by law and to ongoing compliance by the Applicant for maintaining a tax abatement, the City will offer tax abatement on the Project for a term of __ years commencing tax year 20__/payable 20__ (having a schedule of ________________________________).

Tax Abatement. Subject to full compliance with the procedures required by law and to ongoing compliance by the Applicant for maintaining a tax abatement, the City will offer tax abatement on the Project for a term of __ 10 years commencing tax year 20__/payable 20__ 2017/payable 2018 (having a schedule of ________________________________100%, 95%, 80%, 65%, 50%, 40%, 30%, 20%, 10%, 5%).

Tax Abatement. Subject to full compliance with the procedures required by law and to ongoing compliance by the Applicant for maintaining a tax abatement, the City will offer tax abatement on the Project for a term of __ 10 years commencing tax year 20__/payable 20__ 2017/payable 2018 (having a schedule of ________________________________100%, 90%, 80%, 70%, 60%, 50%, 40%, 30%, 20%, 10%).