tax abatement


: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

Recent Examples on the Web Other cities looking to reform tax abatement programs are taking a different approach. Christine Wen, The Conversation, 15 Feb. 2024 In December, the Columbus City Council in Ohio expanded the tax abatement program beyond certain neighborhoods to include the entire city, granting developers a 100% tax break for 15 years. Tribune News Service, Orange County Register, 12 Feb. 2024 CoStar moved its headquarters from Bethesda to D.C. in 2010, receiving a more than $6.1 million, 10-year tax abatement from the District, according to the Washington Business Journal. Teo Armus, Washington Post, 14 Feb. 2024 In return, the company got something of a sweetheart deal: a no-charge lease of 200 acres and a 100% tax abatement for the first 10 years, McCaskill said. USA TODAY, 29 Jan. 2024 For one, the Korean firm received a 10-year tax abatement on its 480,000-square-foot plant, so the county was still in the red. Simon Montlake, The Christian Science Monitor, 28 Sep. 2023 That project asked for more than $1 million in grants for permitting, development and hiring as well as a 75% tax abatement. Mitchell Parton, Dallas News, 11 Sep. 2023 Neither of those lots would qualify for tax abatement. Thomas Jewell, cleveland, 18 July 2023 And, in addition to the commercial tax abatement, the residential portion would be eligible for up to 15 years of tax abatements. Megan Sims, cleveland, 17 Aug. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax abatement.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Tax abatement.” Dictionary, Merriam-Webster, Accessed 20 May. 2024.

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