Donald M. Pepe
Partner
732-568-8370 dpepe@sh-law.com
Tax Abatement
The Attorneys in Scarinci Hollenbeck’s tax abatement practice have a strong track record of finding effective solutions to assist our clients in navigating complex tax abatement programs governed by New Jersey’s Long Term Tax Exemption Law.
Key Contacts
Tax Abatement
Our Approach
The Attorneys in Scarinci Hollenbeck’s tax abatement practice has a strong track record of finding effective solutions to assist our clients in navigating complex tax abatement programs governed by New Jersey’s Long Term Tax Exemption Law. This level of expertise is essential since cities have complete discretion in deciding whether or not to grant a long term tax exemption or for how much and how long, and inasmuch as these decisions are often controversial, it is critical to work with a firm that understands the issues and has a record of success.
NJ Tax Abatement Laws
The New Jersey Long Term Tax Exemption statute permits municipalities to grant tax exemptions to limited dividend entities that undertake redevelopment projects, and low and moderate-income housing projects in Urban Enterprise Zones or other areas in need of redevelopment. The technical term for an abatement tax is “Payment In Lieu Of Taxes” or “PILOT.” Obtaining a tax abatement can be essential to the financial success of a proposed development, particularly when competitors have already obtained such abatements. Moreover, the decision of whether or not to grant an abatement is a legislative act by the governing body.
Abatements also have cash flow benefits, with payments graduated to provide the greatest relief upfront, and cash flow predictability, with taxes set at a fixed percentage after substantial completion of the project. Additional programs provide qualified projects an exemption from sales tax on capital improvements, adding 7% directly to their bottom line of any project.
Areas of Service
We offer assistance in all phases of the abatement procedure, including evaluating available programs and hands-on guidance with all phases of the process, including creating and registering qualified entities with the Department of Community Affairs, drafting abatement applications, negotiating financial agreements and project labor agreements, and advising on compliance issues. We handle exemptions and abatements for new construction, reclassification of real property, as well as eminent domain/condemnation matters.
FAQ
Different kinds of legal matters require attention from specialized areas of law. You can discover the firm`s practice groups or click here.or if you have no idea where to begin, call 201-806-3364, email info@sh-law.com or click here.
The firm`s core practices include:
The firm has several office locations includingNew York, NYLittle Falls, NJRed Bank, NJWashington, D.C.
It depends on the nature of the matter. Scarinci Hollenbeck, LLC represents clients around the world.
We service our clients in a large variety of matters. In areas such as Intellectual Property,
including trademark, copyright, or patent-related matters, we can service these requests regardless
of where our clients are based. However, we predominantly handle legal matters whose jurisdiction
is New Jersey, New York, the tri-state metropolitan area, and Washington, D.C. We also have attorneys
who are licensed to practice in Connecticut, Florida, Massachusetts, Pennsylvania, and other states.
We recommend calling one of our dedicated staff members who can help identify if we have an attorney at
the firm that can assist you. Feel free to reach out to us at 201-806-3364.
Scarinci Hollenbeck, LLC routinely serves business owners, corporate entities, leaders, and operators
of small businesses and Fortune 500 companies alike.
We are a general practice law firm that services businesses, corporations, and entities.
We typically only represent people who own and operate these organizations. However, you are free to call
our business development group at 201-806-3364 or email us at
info@sh-law.com A member of our group can direct you to an
attorney in our firm that may be able to assist.
SCUH-RIN-SEE HALL-EN-BEK
OUR commitment to excellence, combined with our mission to deliver outstanding client service, has earned our firm a solid reputation.
Scarinci Hollenbeck is a business law firm based in New Jersey, New York, and Washington, D.C servicing clients worldwide.
If you have a legal need that is not mentioned, please contact us to discuss how we may help you.
Contact us today to learn more about how we can assist you.
Practice Area Attorneys
Chair
Why Choose Us?
Dedicated attorneys
At Scarinci Hollenbeck, our attorneys are forward-thinking professionals dedicated to the ongoing enhancement of their legal expertise. They stay informed of legal developments, engage in professional bar associations, contribute to legislative initiatives, and actively engage in speaking opportunities—all to provide the highest quality service possible.
Strategic Counsel
In today's dynamic economy, businesses face complex challenges. We understand that these challenges require innovative, multi-faceted solutions. Through a collaborative, cross-practice approach, our attorneys leverage a wealth of experience across various legal disciplines to devise effective strategies tailored to meet our clients’ needs.
Proven Experience
For over 35 years, Scarinci Hollenbeck has offered comprehensive legal services to businesses both locally and globally. Our attorneys draw on extensive industry knowledge, representing clients in sectors such as real estate, entertainment, technology, and energy. We take pride in the successful outcomes we consistently achieve.
Client-First Focus
Our commitment to being a client-first law firm is rooted in open communication, meticulous attention to detail, and adaptability. We work closely with clients to ensure a transparent process, earning their trust through comprehensive guidance. This steadfast commitment is why clients continue to rely on us for their most complex legal challenges.
