Common use of Tax Abatement Clause in Contracts

Tax Abatement. Industrial, Logistic(s) and Knowledge-based Companies Outside the ICM Area, including the CITY OF SYCAMORE. The duration for tax abatement, for projects described as Outside the ICM Area in the above, shall be for 5 years or until the expiration, termination or decertification of the DeKalb County Enterprise Zone or the termination of the abatement based upon non-compliance with this Agreement or the MOU, whichever is sooner. The following abatement schedule shall be followed: i. For taxes levied in the first year of abatement: 90% ii. For taxes levied in the second year of abatement: 80% iii. For taxes levied in the third year of abatement: 70% iv. For taxes levied in the fourth year of abatement: 60% v. For taxes levied in the fifth year of abatement: 50%

Tax Abatement. Industrial, Logistic(s) and Knowledge-based Companies Outside the ICM Area, including the CITY OF SYCAMOREGENOA. The duration for tax abatement, for projects described as Outside the ICM Area in the above, shall be for 5 years or until the expiration, termination or decertification of the DeKalb County Enterprise Zone or the termination of the abatement based upon non-compliance with this Agreement or the MOU, whichever is sooner. The following abatement schedule shall be followed: i. For taxes levied in the first year of abatement: 90% ii. For taxes levied in the second year of abatement: 80% iii. For taxes levied in the third year of abatement: 70% iv. For taxes levied in the fourth year of abatement: 60% v. For taxes levied in the fifth year of abatement: 50%

Tax Abatement. Industrial, Logistic(s) and Knowledge-based Companies Outside the ICM Area, including the CITY OF SYCAMORESANDWICH. The duration for tax abatement, for projects described as Outside the ICM Area in the above, shall be for 5 years or until the expiration, termination or decertification of the DeKalb County Enterprise Zone or the termination of the abatement based upon non-compliance with this Agreement or the MOU, whichever is sooner. The following abatement schedule shall be followed: i. For taxes levied in the first year of abatement: 90% ii. For taxes levied in the second year of abatement: 80% iii. For taxes levied in the third year of abatement: 70% iv. For taxes levied in the fourth year of abatement: 60% v. For taxes levied in the fifth year of abatement: 50%

Tax Abatement. Industrial, Logistic(s) and Knowledge-based Companies Outside the ICM Area, including the CITY VILLAGE OF SYCAMOREXXXXXXXX. The duration for tax abatement, for projects described as Outside the ICM Area in the above, shall be for 5 years or until the expiration, termination or decertification of the DeKalb County Enterprise Zone or the termination of the abatement based upon non-compliance with this Agreement or the MOU, whichever is sooner. The following abatement schedule shall be followed: i. For taxes levied in the first year of abatement: 90% ii. For taxes levied in the second year of abatement: 80% iii. For taxes levied in the third year of abatement: 70% iv. For taxes levied in the fourth year of abatement: 60% v. For taxes levied in the fifth year of abatement: 50%