Property Tax Abatement. The abatement of property taxes imposed pursuant to NRS chapter 361 shall be equal to 55 percent of the taxes on real and personal property payable by Owner on the Facility each year. This abatement shall commence Not Applicable and shall terminate on Not Applicable.
Property Tax Abatement. City agrees to assist in good faith in obtaining all local and state property tax abatement options that are available or can be made available through City action.
Property Tax Abatement. Section 3.1. Status of Development Property 7 Section 3.2. Environmental Conditions 7 Section 3.3. Minimum Improvements 7 Section 3.4. City Property Tax Abatement 7 Section 3.5. County Property Tax Abatement 8 Section 3.6. Payment of Administrative Costs 9 Section 3.7. Records 9 Section 3.8. Business Subsidy Agreement 9 ARTICLE IV
Property Tax Abatement. Please indicate the degree of property tax abatement, if any, being sought through the issuance of Chapter 100 bonds. Cerner Properties is requesting 100% real estate tax abatement for the first 15 years and 50% real estate tax abatement for the next 10 years. Although the Applicant expects to invest $15,000,000 in personal property for this project, no personal property tax abatement is requested.
Property Tax Abatement. The city agrees to xxxxx Thirty-five percent (35%) of the City portion of the real property and business/personal property taxes rendered at the Project; for each year for a maximum of Five (5) years from the Anniversary date of the Project, and
Property Tax Abatement. The District shall seek a property tax abatement from Summit County on the Property for the tax years 2013 and 2014.
Property Tax Abatement. The project (estimated $1 billion or more in investment for building and equipment) can be financed with Industrial RevenueBonds (IRBs). The City of Arkadelphia and Xxxxx County agree to allow Sun Paper to finance the project with Industrial Revenue Bonds (IRBs) which allows the City and County to collect local property taxes at a reduced rate.
Property Tax Abatement. The city agrees to xxxxx a percentage of the City portion of ad valorem prop- erty taxes from the PROJECT real property improvements and business/personal property/equipment valuations rendered at the PROJECT; annually determined and assessed by the Chief Appraiser of the County Appraisal District; for each year of the Agreement, beginning the year of the first annual val- uation after the First Anniversary date of the PROJECT; and
Property Tax Abatement. Seller shall, and shall cause each of the Companies and the Operating Subsidiaries to, cooperate with Buyer (including, without limitation, in obtaining any required consents or approvals and making any required filings or notifications) to maintain in effect the property tax abatement granted by the City of Coffeyville, Kansas with respect to the Fertilizer Plant and the Real Estate associated therewith.
Property Tax Abatement. Section 19 of the Annexation Agreement is hereby deleted in its entirety and replace with the following: “The City agrees to cause the Exchange Property to enjoy the standard tax abatement plan provided by the City to other industries which plan is described on Schedule 5, attached hereto and made a part hereof. The City further agrees to work with IRE and utilize its best efforts to obtain approval of the abatements described on Schedule 5 from other taxing districts not already a part of the plan, if any. The tax abatement plan shall commence upon the first day of the first full calendar year following completion of the Ethanol Production Facility and the commencement of Ethanol Production. The provisions of the preceding sentence are intended to permit IRE to receive the full benefit of the abatement by deferring any abatement until the first day of the first calendar year following completion of the Ethanol Production Facility.”
