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  • What qualifies as a major addition for an abatement?
View All Abatements FAQs

What qualifies as a major addition for an abatement?

Any addition (real or personal property) to a Qualifying existing industrial development property that equals the lesser of 30 percent of the original cost of the existing land, building, and equipment (industrial development property), or $2,000,000.

Related FAQs in Abatements

Any addition (real or personal property) to a Qualifying existing industrial development property that equals the lesser of 30 percent of the original cost of the existing land, building, and equipment (industrial development property), or $2,000,000.