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tax credit

British  

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

Example Sentences

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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

Having Schiff and Trump on the same side of this national tax credit is emblematic of the odd bedfellows the effort has gathered.

From Los Angeles Times Sep. 3, 2026

New York’s tax credit covers 30% or more of production costs and is refundable—meaning producers get the money even if they don’t owe state tax.

From The Wall Street Journal 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

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