A-29: Tax Abatement Request to the Board
Adoption Date: 09/17/90 | Revision Date: 02/16/98 | Revision Date: 08/26/08
Prairie State College shall grant tax abatements as an incentive for new or expanded economic development in the College district. The basis for the consideration of each request and for the decision of the Board of Trustees on an abatement request shall be consistent with the following understandings:
- Construction work on any project subject to a tax abatement shall not precede the date of approval by the Board of Trustees; and
- The project shall be determined to be in the best interests of the community and the College.
The Board of Trustees reserves the right to accept or reject a tax abatement request.