Tax Abatements definition

Tax Abatements means a portion of the City’s share of annual real property taxes on the Development Property as further defined in, and abated in accordance, with the Tax Abatement Program;
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Tax Abatements means the amount calculated in each tax-payable year as follows: the City tax rate for such tax-payable year multiplied by the Net Tax Capacity of the Development Property, then abated in accordance with the Tax Abatement Program. The Development Property will not contribute to fiscal disparities;
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Tax Abatements means the amount calculated in each tax-payable year as follows: the City tax rate for such tax-payable year multiplied by the difference between the Net Tax Capacity of the Development Property as improved by the Project, as of January 2 in the prior year, less $143,452 (i.e. the Net Tax Capacity of the existing land and building value only of the Development Property, as established by the County assessor on January 2, 2018, for taxes payable in 2019), then abated in accordance with the Tax Abatement Program. The Development Property will not contribute to fiscal disparities;
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Examples of Tax Abatements in a sentence

  • City Tax Abatements The City provides tax abatements for urban renewal and economic development projects with tax increment financing as provided for in Chapters 15A and 403 of the Code of Iowa.

  • County Tax Abatements The County provides tax abatements for urban renewal and economic development projects with tax increment financing as provided for in Chapters 15A and 403 of the Code of Iowa.

  • School District’s Tax Abatements The School District does not have any of its own tax abatement agreements.

  • After commencement of the Lease term, the Lessor shall provide to the Contracting Officer copies of all Real Estate Tax Bills for the Property, all documentation of Tax Abatements, credits, or refunds, if any, and all notices which may affect the assessed valuation of the Property, for the Tax Year prior to the commencement of the Lease Term, and all such documentation for every year following.

  • Tax Abatements of Other Entities Other entities within the County also provided tax abatements for urban renewal and economic development projects pursuant to Chapters 15 and 403 of the Code of Iowa.

  • Unadjusted Real Estate Taxes are the full amount of Real Estate Taxes that would be assessed for the Property for one full Tax Year without regard to the Lessor's entitlement to any Tax Abatements (except if such Tax Abatement came into effect after the date of award of the Lease), and not including any late charges, interest or penalties.

  • The Offeror is to provide a detailed overview and documentation of any Tax Abatements on the Property as outlined in the “Real Estate Tax Adjustment” paragraph of the Lease.

  • District’s Tax Abatements The District does not have any of its own tax abatement agreements.

  • College Tax Abatements The College provides tax abatements for industrial new jobs training projects with the tax increment financing as provided for in Chapters 403.19 of the Code of Iowa and/or state income tax withholding as provided for in section 260E.5 of the Code of Iowa.

  • After commencement of the Lease term, the Lessor shall provide to the LCO copies of all real estate tax bills for the Property, all documentation of Tax Abatements, credits, or refunds, if any, and all notices which may affect the assessed valuation of the Property, for the Tax Year prior to the commencement of the Lease Term, and all such documentation for every year following.


More Definitions of Tax Abatements

Tax Abatements mean, collectively, the following (as each may be extended or amended from time to time): (a) that certain Abatement Agreement for Property Located in the Reinvestment Zone entered into among Jefferson County, Owner and the Common Facilities Owner pursuant to Section 312.401 of the Texas Tax Code, dated March 25, 2019; (b) that certain Abatement Agreement for Property Located in the Reinvestment Zone entered into among Sabine Pass Port Authority, Owner and the Common Facilities Owner pursuant to Section 312.401 of the Texas Tax Code, dated April 3, 2019; (c) that certain Abatement Agreement for Property Located in the Reinvestment Zone entered into among Xxxxxx Xxxxxx Navigation District, Owner and the Common Facilities Owner pursuant to Section 312.401 of the Texas Tax Code, dated August 13, 2019; (d) that certain Industrial District Agreement entered among the City of Port Xxxxxx, Owner and the Common Facilities Owner dated June 4, 2019; (e) the First Source Referral Agreement; and (f) the 313 Agreement.
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Tax Abatements means the City Tax Abatements; and
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Tax Abatements means the City's share of real estate taxes on the Tax Abatement Property abated in accordance with the Tax Abatement Program, which shall not exceed in the aggregate $165,000 with an annual maximum of $33,000; Term means the period in which this Agreement shall remain in effect, commencing on the Effective Date and continuing until the earlier of (i) the date the Company receives the final payment of Tax Abatements totaling the Reimbursement Amount (as defined herein), or
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Tax Abatements means the Fitness Facility Tax Abatements and the Additional Development Tax Abatements;
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Related to Tax Abatements

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Premises.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Property Tax means the general property tax due and paid as set

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.