tax credit

British  

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

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Example Sentences

See Examples For:

tax credit

New Jersey signed off on a half-billion-dollar tax credit for data centers in 2024 after a unanimous state Senate vote.

From The Wall Street Journal ● Sep. 9, 2026

While exact provisions are still being negotiated, the expectation is that the credit will be stackable with states’ incentives — similar to how Canada’s tax credit works.

From Los Angeles Times ● Sep. 3, 2026

Stacking a federal tax credit on top of the newly bolstered California production incentives could help give the state an edge when producers are pricing out location shoots.

From Los Angeles Times ● Sep. 3, 2026

In August, EVs represented 5.7% of all sales in the U.S., down from 10.3% a year prior when the tax credit was due to expire, according to data from Motor Intelligence, an industry-research firm.

From The Wall Street Journal ● Sep. 2, 2026

Some draw on government help in the form of food stamps, housing vouchers, the earned income tax credit, or—for those coming off welfare in relatively generous states—subsidized child care.

From "Nickel and Dimed: On (Not) Getting By in America" by Barbara Ehrenreich