tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

Recent Examples on the Web
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Another program is aimed at converting office space into housing through a 20-year tax abatement. Jack Birle, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 15 Jan. 2025 As 2021 was the last year that developers could take full advantage of the city’s 10-year tax abatement for new construction, a record number of building permits were granted that year. Richardson Dilworth, The Conversation, 14 Jan. 2025 The project garnered incentives of more than $30 million in state grant funding and a tax abatement. Eric D. Lawrence, Detroit Free Press, 10 Dec. 2024 The developer received a 15-year tax abatement for the project in 2018, which fell through last year since construction never started. Randy Tucker, The Enquirer, 12 Sep. 2024 The Port Authority and New York City are negotiating over whether the city will approve a tax abatement similar to the one that allowed Moynihan Train Hall to get built. Tom Wright, New York Daily News, 31 Jan. 2024 Buyers also can take advantage of the Neighborhood Enterprise Zone tax abatement, which provides up to 15 years of property tax savings for new construction. Brendel Hightower, Detroit Free Press, 10 Oct. 2024 Property taxes are due Monday, but nearly $1.2 billion worth of property in Des Moines will be getting a break through the city's tax abatement program. Jason Clayworth, Axios, 30 Sep. 2024 Instead, a tax abatement will help make the project possible. Alex Greenberger, ARTnews.com, 3 Sep. 2019

Dictionary Entries Near tax abatement

Cite this Entry

“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 22 Jan. 2025.

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