Sentences with phrase «abatement on construction materials»

Not exact matches

Tesla would get $ 1.1 billion in abatements: 20 years without paying sales tax on equipment and construction materials (worth $ 725.8 million), 10 years without property taxes ($ 349 million), and a 10 - year break on payroll taxes ($ 29.4 million).

And whereas IDA sales tax abatements typically cover the costs of construction materials and equipment purchased to initially outfit the building, Yahoo will receive the tax exemption on equipment purchases for 20 years.