SERVICES
Tax Abatement and Incentives
Tax incentives and abatement are ways for governments to encourage businesses and individuals to invest in certain areas or engage in certain activities by offering them tax benefits.
A tax incentive is a type of tax benefit that reduces the amount of tax owed by a business or individual, based on specific actions or behaviors. For example, a government might offer a tax incentive to businesses that invest in renewable energy technologies or hire new employees. These incentives can take many forms, such as tax credits, deductions, or exemptions.
Tax abatement is a form of tax incentive that allows businesses or individuals to avoid paying some or all of the taxes they would normally owe on a property or investment for a set period of time. Tax abatement is often used to encourage economic development in certain areas, such as blighted neighborhoods or areas suffering from high unemployment. In these cases, a government might offer a tax abatement to businesses that move into the area and invest in new buildings or infrastructure.
An experienced and knowledgeable lawyer can help you take advantage of the tax benefits offered by state and local governments. We offer a range of tax abatement and incentive services, including:
We understand the importance of staying up-to-date on the latest developments in tax law, and we work tirelessly to ensure that our clients receive the most accurate and timely advice possible. We take a personalized approach to every case, and we work closely with our clients to understand their unique needs and goals.
A tax incentive is a type of tax benefit that reduces the amount of tax owed by a business or individual, based on specific actions or behaviors. For example, a government might offer a tax incentive to businesses that invest in renewable energy technologies or hire new employees. These incentives can take many forms, such as tax credits, deductions, or exemptions.
Tax abatement is a form of tax incentive that allows businesses or individuals to avoid paying some or all of the taxes they would normally owe on a property or investment for a set period of time. Tax abatement is often used to encourage economic development in certain areas, such as blighted neighborhoods or areas suffering from high unemployment. In these cases, a government might offer a tax abatement to businesses that move into the area and invest in new buildings or infrastructure.
An experienced and knowledgeable lawyer can help you take advantage of the tax benefits offered by state and local governments. We offer a range of tax abatement and incentive services, including:
- Identifying eligible tax incentive programs and abatement opportunities
- Advising clients on the tax benefits of various investment and business decisions
- Preparing and submitting applications for tax incentives and abatement programs
- Negotiating with government agencies to secure tax benefits for our clients
- Providing ongoing support and guidance to help clients remain in compliance with tax laws and regulations
We understand the importance of staying up-to-date on the latest developments in tax law, and we work tirelessly to ensure that our clients receive the most accurate and timely advice possible. We take a personalized approach to every case, and we work closely with our clients to understand their unique needs and goals.