Reduction of or exemption from taxes granted by a government for a specified period, usually to encourage certain activities such as investment in capital equipment. A tax incentive is a form of tax abatement.
Use 'tax abatement' in a Sentence
We were glad to be granted tax abatement, which meant we would have some time to invest without the burden of a tax on our heads.
You may want to apply for a tax abatement if you think that you are deserving of it and want to save some money.
You Also Might Like...
