tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 Cincinnati City Council on Wednesday approved a 15-year tax abatement for the $175 million project, which appears back on track despite years of delays. Randy Tucker, The Enquirer, 12 Sep. 2024 In March, in response to public pushback, commissioners in Navarro County delayed a vote on a tax abatement worth $6 million over 10 years to Riot. Joel Khalili, WIRED, 11 Sep. 2024 Trump received a 40-year tax abatement to purchase and renovate the hotel, which was considered unprecedented. Conor Murray, Forbes, 3 Sep. 2024 Other cities looking to reform tax abatement programs are taking a different approach. Christine Wen, The Conversation, 15 Feb. 2024

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 30 Nov. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!