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tax credit
noun
- (in Britain) a social security benefit paid in the form of an additional income tax allowance
Example Sentences
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.
Though the organization is not always supportive of tax credits, the federation has always supported the film and TV program, she said.
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.
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.
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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