abatement

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Abatement

A decrease in the amount one owes in taxes. Abatement may come from a tax cut, a rebate, or a reduction in penalties or interest one owes on previous taxes.

abatement

A reduction or decrease.Local governments sometimes offer tax abatements to new businesses in order to attract them to the area.Commercial leases usually have clauses denying rent abatement if the leased property is partially destroyed and then rebuilt and made usable again.
References in periodicals archive ?
Joe Mastrangelo will succeed Vic Abate as the new President & CEO of Power Generation at GE Power & Water.
No one is ever killed in a Nancy Drew story, but every single novel features the threat of murder, often multiple times," Abate points out.
Abate said she was inspired to write Bloody Murder when she was doing research for an introductory literature class she was hoping to teach at Hollins University in Roanoke, Va.
Thei "Let wee som dri smM live has diner Sourc an expen when she took now it's me' " Mum Abate, who lives in Kilwinning,run the bar and for nine months.
ALL THAT JAZZ: Left, Alan Barnes, right, Greg Abate, and inset bottom right, Simon Spillett.
Abate is expecting England's main threat to come from Wayne Rooney, who scored the winner in Tuesday's victory over Ukraine on his return from a two-match ban.
ANKARA, Jul 10, 2009 (TUR) -- The highest legal body of Turkey decided to abate the closure case, which was filed against the ruling Justice & Development (AK) Party seven years ago on the ground of failing to respond to court warnings.
Motorcyclists believe in freedom, and we attack anything that is attacking our freedom," explains Robert Fletcher, coordinator of the Texas ABATE Confederation.
Many states have established fees and programs to manage scrap tire generation and to abate stockpiles within their borders.
With the return of economic advancement for the majority of Americans in the mid-1990s, many of these deplorable tendencies began to abate.
While inquiries are being made, a notice will be affixed to the vehicle and, if the responsible person cannot be found within an hour, the council can authorise works to abate the nuisance.
Toby Osborne explores this subject by studying the career of a single diplomat, the abate Alessandro Scaglia, who shared his masters' inclination to explore several contradictory avenues simultaneously.