Tax Abatement Period definition

Tax Abatement Period means the period beginning upon the filing of a Certificate of Qualification for Tax Abatement with the Jackson County Assessor and expiring ten (10) years after such Certificate of Qualification for Tax Abatement is filed with the Jackson County Assessor, subject to and in accordance with Sections 99.700 to 99.715, RSMo, of the LCRA Law.
Sample 1Sample 2
Tax Abatement Period means the period beginning upon the expiration of the Construction Period and ending upon the date that is fifteen (15) years after the expiration of the Construction Period, which period is intended to facilitate implementation of the approved tax abatement incentive for the Project as follows: abatement of property taxes (above current predevelopment taxes) generated by the Project for fifteen (15) years (100% abatement in Years 1-10; 37.5% abatement in Years 11-15).
Sample 1Sample 2
Tax Abatement Period means the period beginning January 1 of the calendar year during which the Authority files its Certificate of Qualification for Tax Abatement with the Jackson County, Missouri Assessor (“Jackson County Assessor”) and expiring on December 31 of the tenth (10th) calendar year after the Certificate of Qualification for Tax Abatement is filed with the Jackson County Assessor, subject to and in accordance with the LCRA Law.
Sample 1

Examples of Tax Abatement Period in a sentence

  • The Authority approved seventy-five percent (75%) tax abatement for the Project during the Tax Abatement Period.

  • Concurrently with payment of the Tax Abatement Period PILOT to the Jackson County, Missouri Collector, Redeveloper shall provide notice to the Authority of such payment.

  • The Tax Abatement Period PILOT payments as set forth above shall be in addition to the base ad valorem property taxes assessed against the Property in each year of the Tax Abatement Period that are not abated pursuant to the LCRA Law.

  • The Authority makes no representation regarding the base tax year used by the Jackson County Assessor to determine the Maximum Assessed Valuation of the Property for the Tax Abatement Period.

  • In addition to base taxes, the Construction Period PILOT, and the Tax Abatement Period PILOT, the Redeveloper shall annually pay when due the special assessment assessed by the Martin City Community Improvement District against the Property during the term of this Contract.

  • The Authority may, but is not obligated to, enforce the Redeveloper’s payment of the Tax Abatement Period PILOT and if the Authority elects to enforce the Redeveloper’s payment obligation (either by itself or in conjunction with any Taxing Jurisdiction) the Redeveloper shall pay all reasonable costs incurred by the Authority (include attorney’s fees) in connection therewith.

  • For each of years one (1) through ten (10) of the Tax Abatement Period, the Redeveloper shall pay a Tax Abatement Period PILOT to the Jackson County Collection Department in an amount equal to twenty-five percent (25%) of the ad valorem taxes that would otherwise be assessed against the Property (as improved by the Project Improvements) and payable by the Redeveloper but for the Authority’s issuance of its Certificate of Qualification for Tax Abatement.

  • The Authority hereby names the Taxing Jurisdictions as third-party beneficiaries to this Contract for the limited purpose of enforcing the Redeveloper’s obligation to pay Tax Abatement Period PILOTs as provided in this Contract and if any Taxing Jurisdiction elects to enforce the Redeveloper’s payment obligation (either by itself or in conjunction with the Authority) the Redeveloper shall pay all reasonable costs incurred by any Taxing Jurisdiction (including attorney’s fees) in connection therewith.

  • The Redeveloper agrees that delinquent Tax Abatement Period PILOTs are subject to interest and penalties at the same rate as ad valorem property taxes and further agrees that delinquent Tax Abatement Period PILOTs will be subject to collection in the same manner as ad valorem property taxes, including a lien enforceable against the Property, by the Authority or the Taxing Districts.

  • The Redeveloper acknowledges that during the Tax Abatement Period the Property will not be exempt from ad valorem taxes and that the base ad valorem taxes as calculated using the Maximum Assessed Value will remain due and payable during the Tax Abatement Period.


More Definitions of Tax Abatement Period

Tax Abatement Period means the period commencing on the date hereof and ending on July 6, 2008.
Sample 1
Tax Abatement Period means the period not exceeding ten years commencing on the January 1st occurring after execution of the Agreement or such later January 1st in accordance with these Guidelines and Criteria as is specified in the Agreement.
Sample 1
Tax Abatement Period means the period, in years, during which the Real Property and Tangible Personal Property added to the Real Property are entitled to tax abatement pursuant to this Agreement. The Tax Abatement Period shall commence on January 1 of the year following the issuance of the first Certificate of Occupancy for a commercial structure within the Project and said period shall expire on the last day of the tenth (10th) calendar year thereafter.
Sample 1

Related to Tax Abatement Period

  • assessment period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Payment Period means the three months following each Collection Quarter.

  • Curtailment Period means a time period for which Seller is requested by CAISO or a Transmission Provider to curtail its Power Product for Force Majeure or otherwise.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and