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The company also received a 30-year tax abatement from the city for the building.
For the commercial area, there is no property tax abatement.
Carrying costs are low because of a 10-year tax abatement.
The information online states that they have a 25-year tax abatement.
The project will also receive a 421-a property tax abatement.
City officials provided $3.9 million in real estate tax abatements.
You know the local community and the state have to kick in tax abatements.
Just as possibly, this will not happen without new tax abatements.
The group's chief suggestions are Federal, state and city tax abatements.
Tax abatement from the city will help keep real estate taxes low for 10 years.
"Still, I probably would not have proceeded without the tax abatement."
"It's good to get the neighborhood going, but why do you keep giving tax abatements to new people coming in?"
The building gets the benefit of the J-51 tax abatement, which is modest.
They are also eligible for a 20-year property tax abatement from the city.
The city also granted a 30-year real estate tax abatement.
The borough also gave the project a 25-year tax abatement.
Tax abatement, then a new form of financing, was used in its construction.
All you have to do is look at the success of tax abatement programs for rehabilitation and new construction.
"What would benefit our customers most is tax abatements," he said.
Unlike other states, California could not afford to offer free land or huge tax abatements.
He said the city's plan to offer tax abatements and other incentives for development in the area was beginning to show effects.
The common charges are low and a tax abatement lasts for 25 years.
Q. Would you continue the city's tax abatement program for developers?
A tax abatement sought from the city to help with costs was unsuccessful.
They were also not completely happy that the project would receive a 10-year tax abatement on the increased value of the property.
No public funds or tax concessions are involved in the project.
If it moved to a new building, however, the city was ready to offer decades of tax concessions.
I have already referred to the tax concession in the 1990 Budget.
The government has granted tax concessions to new companies which create at least 50 permanent jobs.
The tax concessions varied with the degree of local content.
Grants and tax concessions were given to companies who set up in Ireland.
Tax concessions were also introduced for very large families.
However, the media still speculated that A$1 billion in government assistance or tax concessions would be required.
The term also appears in government documents, for example dealing with tax concessions of various kinds.
In France, where the protests first began broke out weeks ago, the government granted tax concessions.
Private pension scheme tax concessions grew as part of deliberate policy.
The lower the income of families across the city is strongly correlated with the tax concessions provided to businesses.
Opposition parties also criticised tax concessions given to the company who would be building the luxury hotel.
Tax concessions for new companies and the end of the state monopoly on import-export trade were also announced.
This also applies in my view to state aid in the form of tax concessions.
Year after year, they have argued that one tax concession or another is needed to make companies more competitive.
I disagree on the question of safety. We do, however, need safety-based tax concessions without delay.
The report contains a number of proposals for tax concessions which many other speakers have mentioned in this evening's debate.
If such help was countered by generous tax concessions it might become a very attractive proposition indeed.
In some cases it is also hard to measure scheme cost, eg where aid takes the form of tax concessions.
It also received a host of tax concessions.
Biofuels will not be competitive, compared to traditional fuels, without separate tax concessions.
Tax concessions would be another factor favoring a Canadian buyer, several analysts said.
Four capital gains tax concessions for small businesses presently exist, introduced 21 September 1999.
Benefits may include government financial assistance, tax concessions and inclusion in domestic television broadcast quotas.