Economic Development and Tax Abatement
Who receives tax abatement?
- We use the "but for" test: But for this tax abatement, this project would not happen. Without those tax abatements, a project would not be built and NO revenue would have come in to the City. The City and other taxing districts forego revenue in the near future to gain more revenue in later years.
- It is important to note, the City of Hazelwood does not pay any money to developers as part of tax abatements.
- We also take into consideration the potential for future revenue and job growth, as well as the other revenues such as sales taxes, utility taxes, business licenses, and more that do not get abated.