Potential penalty abatement means the possibility that the amount of a penalty might be reduced.
A residential tax abatement typically refers to a type of homestead exemption. In many states in the United States (but not all) a property owner's primary residence (you can't have more than one primary residence and you need to occupy the home at least so many months each year) can qualify for either a reduced real estate assessment or reduced property taxes. In some states you need to be 65 or over to qualify, so be sure to check with your local assessor or tax collector about the specific qualifications for the abatement you are seeking.
You must have "reasonable cause" for the IRS to abate any penalties. You must build your case based on the above. check irs.gov
A Fixturization period is time allowed to access a leased space for construction and store build out. Normally you will see a 5 year lease commencing after a 3 month fixturization period. i.e. tenant has possession of the space for 63 months Rent abatement is any free or discounted rent given within a lease term. i.e. 3 months of free rent. Always ask for 6 months of free rent and negotiate from there.
The enacted tax rate is the rate that is set by the governing body. Before a tax rate becomes enacted, the governing body usually proposes a rate and holds public meetings where people can speak about the rate.
abatement
abatement abatement
Yes, "abatement" is a noun. It refers to the action of reducing or lessening something, such as noise abatement or pollution abatement.
Rent abatement is reduction of the amount of rent due.
Abatement of pain is the same as reduction of pain.
Abatement may refer to Abatement Technologies, a well-known manufacturer of air duct cleaning equipment. Or it may refer to other services offered by the air duct cleaning provider, such as asbestos abatement or lead abatement.
Smog abatement means reducing the amount or intensity of smog.
Pollution abatement is reduction of the amount of pollution being created or existing in an area.
Some words that rhyme with "understatement" are abatement, defacement, and merriment.
An order of abatement is a legal order to correct a violation of some sort.
A judicial abatement is a reduction of something, often a fine or jail sentence, by judicial action.
Noise abatement is reduction of the intensity of noise being imposed on someone who is not making the noise.