Examples of Abatement Statute in a sentence
Abatement may only be granted for the additional value of or increase in value to eligible improvements made subsequent to the filing of an application for tax abatement and specified in the abatement agreement between the County and the property owner or lessee and lessor, subject to such limitations as the Tax Abatement Statute and these Guidelines and Criteria may require.
From original color photo by 416Style.46 ELR 10080 ENVIRONMENTAL LAW REPORTER 1-2016New York State Green Roof Tax Abatement StatuteThe New York State Green Roof Tax Abatement Statute provides one-year tax abatement for the construction of a green roof.
The Abatement Statute provides that, with certain exceptions, any property constructed or purchased in part with the proceeds of revenue bonds issued under the authority of the Act is exempt from taxation for a period of up to ten years to the extent of the value of that portion of the property financed by the revenue bonds.
The Issuer and the Company hereby agree that the Abatement Statute and any tax abatement with respect to the Project shall not apply to special assessments and property taxes that the Issuer may not xxxxx under State law.
The Unified Government agrees to use its best efforts to cause the Bond Financed Portion of the Project to be and remain during the Exempt Property, and agrees to make all filings required by the Wyandotte County Board of County Commissioners or the Board of Tax Appeals; provided, however, the Unified Government shall not be liable for any failure of the Board of Tax Appeals to effect the exemption permitted by the Abatement Statute.
Supervisor Connolly moved that the Board direct staff to: ◼ Report with an Administrative Item on July 13, 1998 regarding the authorization to advertise a public hearing to be held before the Board on dates to be determined on a proposed amendment to the Code of the County of Fairfax regarding an alternative process and remedies to the existing Blight Abatement Statute.
Pursuant to the applicable portions of the Abatement Statute and during the Exempt Period and so long as the Bonds are outstanding, the Unified Government agrees to use its best efforts to cause the Bond Financed Portion of the Project to be and remain Exempt Property.
Abatement may only be granted for the additional value of or increase in value to eligible improvements made subsequent to the filing of an application for tax abatement and specified in the abatement agreement between the County and the prope1iy owner or lessee and lessor, subject to such limitations as the Tax Abatement Statute and these Guidelines and Criteria may require.
The Abatement Statute provides that, with certain exceptions, any property constructed or purchased in part with the proceeds of revenue bonds issued under the authority of the Act is exempt from taxation for a period of up to ten (10) years to the extent of the value of that portion of the property financed by the revenue bonds.
But see CompTel/Ascent Comments at 19; New York City Comments at 2-5; Sprint Comments at 27-29.