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Homestead Act
(redirected from Land incentive)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
Home·stead Act  (hmstd)
n.
An act passed by Congress in 1862 promising ownership of a 160-acre tract of public land to a citizen or head of a family who had resided on and cultivated the land for five years after the initial claim.

Homestead Act
n
1. (Law) an act passed by the US Congress in 1862 making available to settlers 160-acre tracts of public land for cultivation
2. (Law) (in Canada) a similar act passed by the Canadian Parliament in 1872


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Private businessmen were previously asked to submit offers, but the Government rejected all the plans as developers wanted large tax breaks and land incentives.
But he must first convince firms to stump up the funding without the massive tax and land incentives they're after.
 
 
 
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