| 释义 |
tax abatement
Translationstax abatement
tax abatementThe reduction of real estate taxes on a property; usually accomplished by means of a reduction in its assessed value.Tax Abatement
Tax AbatementA reduction of taxes for a certain period or in exchange for conducting a certain task. For example, if one receives a tax credit for purchasing a house, one receives tax abatement because one pays less in taxes than he/she otherwise would. A sales tax holiday is another instance of tax abatement. Tax abatement represents a reduction of government revenue and therefore may add to a deficit. |