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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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 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

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 29 Mar. 2025.

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