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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Senate Bill 1754 would restrict property tax incentives for renewable energy facilities, and Senate Bill 878 would require municipalities to hold a public hearing before giving grants or loans to any entity in conjunction with a tax abatement. Matthew Adams, Fort Worth Star-Telegram, 19 Mar. 2025 If approved by the council at an April 8 meeting, the city would offer ACS Group a 10-year tax abatement. Kate Marijolovic, Fort Worth Star-Telegram, 1 Apr. 2025 The petitioner hasn’t requested any financial incentives like a tax abatement, Jabo said at Tuesday’s Redevelopment Commission meeting before a County Council meeting. Doug Ross, Chicago Tribune, 26 Mar. 2025 That one governmental step doesn’t involve creating a single new program, subsidy, tax abatement, incentive, or large budget line item. Joshua Stein, Forbes, 19 Mar. 2025 This is related to a tax abatement agreement between the county and Glencoe Hotel Group, entered into on Sept. 13, 2023. Janean Sorrell, Twin Cities, 6 Feb. 2025 Fort Worth’s City Council approved a $6 million tax abatement for the project in 2023. Kate Marijolovic, Fort Worth Star-Telegram, 6 Mar. 2025 The tax abatement will save Ford about $6.9 million annually over the 30-year period. Jamie L. Lareau, Detroit Free Press, 9 Dec. 2024 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

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 28 Apr. 2025.

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