Tax Abatement definition

Tax Abatement means the partial or full exemption or abatement of real estate taxes granted to the Mortgaged Property and/or Borrower pursuant to the Tax Abatement Program.

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Tax Abatement means tax abatement programs under RSMO Chapter 353, and RSMO Chapter 100.

Tax Abatement means the full or partial exemption from ad valorem taxes of certain Eligible Property in the Reinvestment Zone designated for economic development purposes pursuant to Chapter 312 of the Texas Tax Code.

Examples of Tax Abatement in a sentence

• County has determined that the request for Tax Abatement presented by Owner conforms with the criteria established in the Guidelines for Tax Abatement.

• AMD shall be responsible for the work and activities of each of the AMD Agents, including compliance with the terms of this Agreement.

• The RSUs and Shares issued upon vesting of such RSUs are intended to qualify for the tax treatment available in Israel pursuant to the provisions of the “capital gain route” under Section 102 of the Israeli Tax Ordinance (“Section 102”), including the provisions of the Income Tax (Tax Abatement on the Grant of Shares to Employees) Regulations 2003 (the “Regulations”), and any tax ruling or agreement obtained by the Company or the Employer with regard to the Plan.

• This Agreement contains the entire and integrated Tax Abatement Agreement between the County and Owner, and supersedes any and all other negotiations and agreements, whether written or oral, between the parties.

• This Agreement is authorized by the Texas Property Redevelopment and Tax Abatement Act, Texas Tax Code, Chapter 312, as amended (the “Act”), and is subject to the laws of the State of Texas and the charter, ordinances, and orders of the Governmental Unit.

More Definitions of Tax Abatement

Tax Abatement means the reduction of the amount of property taxes required to be paid on taxable property for a set period of time (usually up to 10 years), in order to incentivize investment in the local governmental unit.

Tax Abatement means the full or partial exemption of ad valorem taxes for eligible properties in a reinvestment zone designated as such for economic development purposes for new or expanded business development for a period of up to 10 years. Abatement may be granted for real property improvements and/or business personal property.

Tax Abatement means the deductions granted with respect to the Facility for property located in an economic revitalization area pursuant to Indiana Code Section 6-1.1-12.1.

Tax Abatement means a temporary exemption from real property taxation of a percentage of the assessed valuation of a new structure, or of the increased assessed valuation of an existing structure after remodeling.

Tax Abatement means the percentage of the increase in the assessed value of the Improvements and Personal Property, above the Base Value, which will be exempt from ad valorem taxation in accordance with the Texas Tax Code, subject to the terms and conditions herein.

Tax Abatement. ’ means the percentage that is applied to the ‘‘tax otherwise payable under this Part’’ within the meaning assigned by subsection 120(4) of the Income Tax Act to 25 determine the amount that is deemed by subsection 120(2) of that Act to have been paid by an individual on account of the indi- vidual’s tax for a taxation year;

Tax Abatement means collectively the City Abatement, and the County Abatement.