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.
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Quantitative threshold used to trigger disclosure of individual tax abatements.
GASB issues final standard on tax abatement disclosure
The types of commitments made by tax abatement recipients; and
Government requirement to disclose information on tax abatements
Since personal property by definition is more mobile than real property, abatements granted to property tax payments on personal property, property improvements, and property exclusive of land value, should help identify abatement in a form that is less likely given to a property activity that would have occurred absent abatement.
Property tax abatement as tax expenditure?
However, as the TAS noted in its 2010 report, the total number of penalty abatements has decreased as the number of penalties assessed has increased, demonstrating that penalty relief options, including FTA, are not fulfilling their intended purpose of encouraging compliance.
Using the first-time penalty abatement waiver
WORCESTER - City assessors have acted on more than half of the 2,395 real estate abatement applications that were filed for last fiscal year, and have already inspected the properties of roughly 86 percent of the total applications.
Assessors confident of closing requests; Of abatement filings, 654 approved
The law allows condo owners to obtain copies of tax abatement applications submitted to the City by building managers.
New law helps condo owners get back thousands after city tax gaff
Rather than use the tax abatements as an incentive to build, they're using it as a plug for a budget gap," said Steve Fulop, a city councilman.
Sweetening development deals in Jersey City
Homes where abatements had not been initiated at follow-up were used as controls, as compared with abated homes.
Efficacy of the Community Reinvestment Act in promoting lead abatement
Yet even after abatement, Mitchell added, some individuals may be symptomatic.
National meeting breaks the mold
By contrast, most property tax benefits are granted at the local level in the form of longer-term tax abatements, exemptions or other tax reductions that the new business would otherwise have to pay.
Real and personal property tax incentives: the often-overlooked tax benefits
County council officers working to tackle the outbreak bought a table of urgent measures to yesterday's cabinet meeting that could see directly- infected farms owned by the county council getting up to 100 per cent rent abatement.
Rent relief eases farmers' burden
Almost all of the county's drug nuisance abatements since 1988 have resulted in arrests of property owners involved directly in drug-related activities.
Seizure disorder: Seattle's "drug nuisance abatement" program is a menace to law-abiding property owners

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