tax abatement


tax abatement
See abatement (Taxes)

Black's law dictionary. . 1990.

Look at other dictionaries:

  • tax abatement — ˈtax aˌbatement noun [countable] TAX COMMERCE the right to pay a very low rate of tax on something. Tax abatements are often used to encourage businesses to invest in times of difficult economic conditions: • These organizations were set up by… …   Financial and business terms

  • tax abatement — / tæks əˌbeɪtmənt/ noun a reduction of tax …   Dictionary of banking and finance

  • Abatement — may refer to:*Abatement of debts and legacies, a common law doctrine of wills that holds that when the equitable assets of a deceased person are not sufficient to satisfy fully all the creditors, their debts must abate proportionately, and they… …   Wikipedia

  • Abatement — A reduction in the level of taxation faced by an individual or company. Examples of an abatement include a tax decrease, a reduction in penalties or a rebate. If an individual or business overpays its taxes or receives a tax bill that is too high …   Investment dictionary

  • abatement — abate a‧bate [əˈbeɪt] verb [intransitive, transitive] formal to become less strong or damaging, or to make something do this: • The level of wage settlements has shown no signs of abating in recent months. abatement noun [uncountable] …   Financial and business terms

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • abatement — abate·ment /ə bāt mənt/ n 1: the act or process of abating or the state of being abated challenged the abatement of her bequest abatement of a private nuisance by self help W. L. Prosser and W. P. Keeton 2: an amount abated …   Law dictionary

  • tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 …   Law dictionary

  • abatement — /euh bayt meuhnt/, n. 1. the act or state of abating or the state of being abated; reduction; decrease; alleviation; mitigation. 2. suppression or termination: abatement of a nuisance; noise abatement. 3. an amount deducted or subtracted, as from …   Universalium

  • abatement — A reduction, a decrease, or a diminution. The suspension or cessation, in whole or in part, of a continuing charge, such as rent. Legacies. A proportional diminution or reduction of the pecuniary legacies, when the funds or assets out of which… …   Black's law dictionary


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