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tax credit

noun

  1. (in Britain) a social security benefit paid in the form of an additional income tax allowance
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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The memo notes that Musk’s companies have received more than $38 billion in government contracts, loans, subsidies and tax credits going back more than 20 years.

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Though the organization is not always supportive of tax credits, the federation has always supported the film and TV program, she said.

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Bass said she will continue to push for expanded tax credits for the entertainment industry, while also searching for ways to cut filming costs locally.

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When he raised the idea of a tax credit, Sheehy mentioned a similar effort underway in Montana, and “it seemed like a very natural fit for the both of us,” Schiff said.

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To entice production back to California, state legislators are proposing to increase its film tax credit to cover up to 35% of qualified expenditures for movies and TV series shot in the Los Angeles region.

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Taxcotax-deductible