Tax Abatement Period definition

Tax Abatement Period means the period beginning upon the filing of a Certificate of Qualification for Tax Abatement with the Jackson County Assessor and expiring ten (10) years after such Certificate of Qualification for Tax Abatement is filed with the Jackson County Assessor, subject to and in accordance with Sections 99.700 to 99.715, RSMo, of the LCRA Law.
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Tax Abatement Period means the period beginning upon the expiration of the Construction Period and ending upon the date that is fifteen (15) years after the expiration of the Construction Period, which period is intended to facilitate implementation of the approved tax abatement incentive for the Project as follows: abatement of property taxes (above current predevelopment taxes) generated by the Project for fifteen (15) years (100% abatement in Years 1-10; 37.5% abatement in Years 11-15).
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Tax Abatement Period means the period beginning as of January 1 of the tax year designated by the Authority upon the filing of the Certificate of Qualification for Tax Abatement with the Jackson County Assessor and expiring on December 31 of the tax year that is ten (10) years after the tax year designated by the Authority in the Certificate of Qualification for Tax Abatement as filed with the Assessor for Jackson County, Missouri (“Jackson County Assessor”), subject to and in accordance with the LCRA Law.
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Examples of Tax Abatement Period in a sentence

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

  • The Authority makes no representation regarding the base tax year used by the Jackson County Assessor to determine the Maximum Assessed Valuation of the Property for the Tax Abatement Period.

  • Unless earlier terminated as provided herein, this Contract shall terminate upon the fifth (5th) anniversary date of the end of the last applicable Tax Abatement Period.

  • The Redeveloper acknowledges that during the Tax Abatement Period the Property will not be exempt from ad valorem taxes and that the base ad valorem taxes as calculated using the Maximum Assessed Value will remain due and payable during the Tax Abatement Period.


More Definitions of Tax Abatement Period

Tax Abatement Period means the period, in years, during which the Real Property and Tangible Personal Property added to the Real Property are entitled to tax abatement pursuant to this Agreement. The Tax Abatement Period shall commence on January 1 of the year following the issuance of the first Certificate of Occupancy for a commercial structure within the Project and said period shall expire on the last day of the tenth (10th) calendar year thereafter.
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Tax Abatement Period means the period not exceeding ten years commencing on the January 1st occurring after execution of the Agreement or such later January 1st in accordance with these Guidelines and Criteria as is specified in the Agreement.
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Tax Abatement Period means the period commencing on the date hereof and ending on July 6, 2008.
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Related to Tax Abatement Period

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Payment Period means the three months following each Collection Quarter.

  • Curtailment Period means the period of time during which Seller reduces generation from the Project pursuant to a Curtailment Order.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Postponement Period has the meaning ascribed to such term in Section 2.1(b).