Tax Abatement definition

Tax Abatement means the partial or full exemption or abatement of real estate taxes granted to the Mortgaged Property and/or Borrower pursuant to the Tax Abatement Program.
Tax Abatement means the full or partial exemption from ad valorem taxes of certain Eligible Property in the Reinvestment Zone designated for economic development purposes pursuant to Chapter 312 of the Texas Tax Code.
Tax Abatement means the reduction of the amount of property taxes required to be paid on taxable property for a set period of time (usually up to 10 years), in order to incentivize investment in the local governmental unit.

Examples of Tax Abatement in a sentence

  • Tax Abatement requests from Belton, Killeen and Temple businesses j.

  • The proposal is contrary to the Strategic Planning Policy Statement (SPPS), Policy EXT1 of the Addendum to Planning Policy Statement 7 and Policy ATC2 of the Addendum to Planning Policy Statement 6 in that; the scale, massing and design of the proposed extension are not sympathetic to the existing dwelling and would be detrimental to the character of the surrounding area which is located within the Fernagh Area of Townscape Character.

  • Complete the attached "Application for Tax Abatement or Economic Development Incentive".

  • Wilson Survey, Abstract No. 1352, City of The Colony, Denton County, Texas, and generally located at 4777 Memorial Drive, The Colony, Texas, as Tax Abatement Reinvestment Zone Number Four.

  • The Renewable Energy Tax Credit Bridge Loan (“Bridge Loan”) is a short-term loan product that enables customers to finance federal and state tax credits and New York City (“NYC”) Real Property Tax Abatement for eligible renewable energy system costs.

  • The Authority approved 100% tax abatement for the Project for the applicable Tax Abatement Period.

  • Public Hearing to consider approval of a Tax Abatement Agreement with CustomInk, LLC for the economic development of Flower Mound, and authorization for the Mayor to execute same on behalf of the Town.

  • Please refer to the City of San Antonio Economic Development Tax Abatement Guidelines for full details.

  • Mayor Pro Tem Shaver declared no conflict of interest.No Citizens and Organizations wished to Address the Council.Don Lincoln provided an update on the Madrid Area Chamber of Commerce.Discussion was held in regards to a Tax Abatement Scenario for 215 Southern Prairie Drive (Madrid True Value Hardware and Rental).

  • The Tax Abatement Reserve Fund will ensure that adequate funds are available for the Tax Abatement Prepayment that must occur if the Tax Abatement Performance Standard is not achieved on or before the Tax Abatement Acquisition Date.


More Definitions of Tax Abatement

Tax Abatement means tax abatement programs under RSMO Chapter 353, and RSMO Chapter 100.
Tax Abatement means the deductions granted with respect to the Facility for property located in an economic revitalization area pursuant to Indiana Code Section 6-1.1-12.1.
Tax Abatement. ’ means the percentage that is applied to the ‘‘tax otherwise payable under this Part’’ within the meaning assigned by subsection 120(4) of the Income Tax Act to 25 determine the amount that is deemed by subsection 120(2) of that Act to have been paid by an individual on account of the indi- vidual’s tax for a taxation year;
Tax Abatement means collectively the City Abatement, and the County Abatement.
Tax Abatement means the County’s reimbursement to the Developer of the County’s share of ad valorem property taxes imposed on the Development Property and paid by the Developer for a period not to exceed ten (10) years, specifically with respect to the payable 2020 through 2029 property taxes, in a total amount not to exceed $720,780.00, pursuant to the specific provisions of Section 3.9.

Related to Tax Abatement

  • 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.

  • Property Tax means the general property tax due and paid as set

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Base Year means the period set forth in Section 5 of the Summary.

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession, or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property, and (b) is complementary to a sales tax.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • State tax means any State Income Taxes or State Other Taxes.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Property tax increment means the amount obtained by: