Common use of Abatement Percentages Clause in Contracts

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below conditioned upon the Facility providing at least at least 20 net new full-time jobs and $500 million in New Capital Investment. Year Percentage of Abatement Construction Period 100% (not to exceed 5 years) Year 1 70% Year 2 70% Year 3 70% Year 4 70% Year 5 70%

Appears in 1 contract

Samples: Tax Abatement Agreement

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Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below below, conditioned upon the Facility providing at least at least 20 10 net new full-full- time jobs and $500 million in New Capital Investmentjobs. Year Percentage of Abatement Construction Period 100% Phase (not to exceed 5 years) 100% Year 1 7050% Year 2 7050% Year 3 7050% Year 4 7050% Year 5 7050%

Appears in 1 contract

Samples: Tax Abatement Agreement

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Petrochemical Facility and the percentage of tax abatement shall be in accordance with the schedule set out below conditioned upon the Facility providing at least at least 20 net new full-time jobs and $500 million in jobs. There is no New Capital InvestmentInvestment minimum amount in connection with this abatement. Year Percentage of Abatement Construction Period 100% (not to exceed 5 3 years) 100% Year 1 7050% Year 2 7050% Year 3 7050% Year 4 7050% Year 5 7050%

Appears in 1 contract

Samples: Tax Abatement Agreement

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below below, conditioned upon the Facility providing at least at least 20 net new full-full- time jobs and at least $500 million in New Capital Investment. Year Percentage of Abatement Construction Period 100% Phase (not to exceed 5 3 years) 100% Year 1 70% Year 2 70% Year 3 70% Year 4 70% Year 5 70%

Appears in 1 contract

Samples: Tax Abatement Agreement

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Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below below, conditioned upon the Facility providing at least at least 20 10 net new full-full- time jobs and at least $500 150 million in New Capital Investment. Year Percentage of Abatement Construction Period 100% Phase (not to exceed 5 3 years) 100% Year 1 7050% Year 2 7050% Year 3 7050% Year 4 7050% Year 5 7050%

Appears in 1 contract

Samples: Tax Abatement Agreement

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the following schedule set out below conditioned upon the Facility providing at least at least 20 6 net new full-time jobs and $500 million in New Capital Investment. retaining at least 106 full-time jobs: Year Percentage of Abatement Construction Period 100% (not to exceed 5 years) 100% Year 1 7050% Year 2 7050% Year 3 7050% Year 4 7050% Year 5 7050%

Appears in 1 contract

Samples: Tax Abatement Agreement

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