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tax abatement


Comparative law notes

Since the German concept includes both partial and complete tax abatement (actually tax forgiveness) and tax abatement is only a decrease in tax debt, this English phrase does not completely cover the German's term's meaning. The process of how tax debt is reduced is also quite different between the German programs and the programs available in the US and UK.

Definitions of tax abatement

a reduction in tax granted by a government for a specified period of time. Tax abatement programs may sometimes be introduced to completely eliminate a particular tax.

Council members approved a partial tax abatement for Coca-Cola Refreshments.