Which information must be disclosed regarding tax abatement agreements?
i.The purpose of the tax abatement program.
ii.The dollar amount of abatement and the names of recipients.
iii.The type of tax being abated.
A)i and iii.
B)i only.
C)ii only.
D)iii only.
E)i,ii,and iii.

Question

Quizplus · Accepted Answer

The purpose of the tax abatement program and the type of tax being abated are typically required disclosures to provide transparency and understanding of the tax abatement's impact. The specific dollar amounts and names of recipients are often not disclosed due to privacy concerns.

Which Information Must Be Disclosed Regarding Tax Abatement Agreements