tax expenditure
noun
any reduction in government revenue through preferential tax treatment, as deductions or credits.
Words Nearby tax expenditure
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use tax expenditure in a sentence
It is of course the biggest middle-class "tax expenditure" in the land, as well as the greatest boon to home ownership.
A Very Significant Tea Leaf in the GOP Platform | Michael Tomasky | August 22, 2012 | THE DAILY BEASTThe tax exclusion for employer-provided health benefits is the biggest tax expenditure in the tax code: $130 billion a year.
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