tax abatement

tax abatement definition - business

tax abatement

An elimination or reduction in taxes granted by a taxing authority. For example, tax abatement may be offered to a property owner who guarantees a minimum amount of job creation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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