Abatement Statute definition

Abatement Statute means K.S.A. 79-201a, as amended.
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Examples of Abatement Statute in a sentence

  • The Abatement Statute provides that, with certain exceptions, any property constructed or purchased in part with the proceeds of revenue bonds issued under the authority of the Act is exempt from taxation for a period of up to ten years to the extent of the value of that portion of the property financed by the revenue bonds.

  • The Issuer and the Company hereby agree that the Abatement Statute and any tax abatement with respect to the Project shall not apply to special assessments and property taxes that the Issuer may not ▇▇▇▇▇ under State law.

  • The Issuer and the Developer hereby agree that the Abatement Statute and any tax abatement with respect to the Project (or any applicable Phase thereof) shall not apply to special assessments and property taxes that the Issuer may not ▇▇▇▇▇ under Kansas law.

  • The City and the Company hereby agree that the Abatement Statute and any tax abatement with respect to the Project shall not apply to special assessments.

  • Pursuant to the Act and the Abatement Statute, the Issuer is further authorized and empowered to exempt from ad valorem taxation all or any portion of the Project financed with the proceeds of the Bonds, subject to the limitations set forth in the Abatement Statute and this Agreement.

  • The Issuer agrees to use its best efforts to cause the Bond Financed Portion of the Project to be Exempt Property, and agrees to make all filings required by the ▇▇▇▇▇▇▇ County Board of County Commissioners or the Court of Tax Appeals; provided, however, the Issuer shall not be liable for any failure of the Court of Tax Appeals to effect the exemption permitted by the Abatement Statute.

  • The Unified Government agrees to use its best efforts to cause the Bond Financed Portion of the Project to be and remain during the Exempt Property, and agrees to make all filings required by the Wyandotte County Board of County Commissioners or the Board of Tax Appeals; provided, however, the Unified Government shall not be liable for any failure of the Board of Tax Appeals to effect the exemption permitted by the Abatement Statute.

  • The City agrees to use its best efforts to cause the Bond Financed Portion of the Project to be Exempt Property, and agrees to make all filings required by the Board of Tax Appeals; provided, however, the City shall not be liable for any failure of the Board of Tax Appeals to effect the exemption permitted by the Abatement Statute.

  • The Issuer agrees to use its best efforts to cause the Bond Financed Portion of the Project (or applicable Phase thereof) to be Exempt Property during the Exempt Period and agrees to make all filings required by the ▇▇▇▇▇▇▇ County Board of County Commissioners or the Board of Tax Appeals; provided, however, the Issuer shall not be liable for any failure of the Board of Tax Appeals to effectuate the exemption permitted by the Abatement Statute.

  • The Abatement Statute provides that, with certain exceptions, any property constructed or purchased in part with the proceeds of revenue bonds issued under the authority of the Act is exempt from taxation for a period of up to ten (10) years to the extent of the value of that portion of the property financed by the revenue bonds.

Related to Abatement Statute

  • Abatement means action by an employer to comply with a cited standard or regulation or to eliminate a recognized hazard identified by OSHA during an inspection.

  • Lead abatement means any measure or set of measures designed to permanently eliminate

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Remediation Period has the meaning specified in Section 8.2(a);

  • conservation area means the areas of the mineral lease within the solid black boundaries on Plan E being respectively the reserves known as ‘▇▇▇▇’ ‘Serpentine’ and ‘Monadnock’, and parts of the reserve known as ‘▇▇▇▇-▇▇▇▇▇’;