tax abatement Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax abatement” in the English Dictionary

"tax abatement" in Business English

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tax abatementnoun [C or U]

uk   us   TAX, FINANCE, PROPERTY
a ​reduction in the ​amount of ​tax that a ​business would ​normally have to ​pay in a particular ​situation, for ​example to encourage ​investment: The ​development is ​eligible for a 10-year ​propertytax abatement. Without ​tax abatement, I will never get the ​loans to ​finance the ​project. a tax abatement ​package/​programme
(Definition of tax abatement from the Cambridge Business English Dictionary © Cambridge University Press)
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