tax holiday

[ taks hol-i-dey ]

noun

1. a period of time during which the government reduces or suspends the collection of a tax, as payroll, property, or sales tax:

   The state legislature declared a hurricane preparedness tax holiday for items like flashlights and battery-powered radios.

tax holiday

noun

1. a period during which tax concessions are made for some reason; examples include an export incentive or an incentive to start a new business given by some governments, in which a company is excused all or part of its tax liability

Word History and Origins

Origin of tax holiday¹

First recorded in 1945–50

Example Sentences

He also promised not to raise taxes and to give a three-year tax holiday to small businesses with good reputations.

From The Daily Beast

Ending the payroll tax holiday probably cut substantially into the disposable income of Walmart's "value oriented" customers.

From The Daily Beast

The payroll tax cut—or tax holiday—was not part of the Bush-era tax cuts.

From The Daily Beast

Such will be the case later this week when the Senate tries to vote on extending the payroll-tax holiday.

From The Daily Beast

More than half consists of extending measures already in place (the payroll tax holiday and unemployment benefits).

From The Daily Beast