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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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"Importantly, that is the baseline. That is the minimum," Bonta said, noting that production commitments could surge by up to 700% if Congress passes a federal film tax credit.

From BBC Sep. 21, 2026

A federal film and television tax credit could boost U.S. production spending by $125 billion and add more than 143,000 jobs by 2035, according to a new study commissioned by the Motion Picture Assn.

From Los Angeles Times Sep. 15, 2026

Pay attention to a recent bipartisan bill to expand the child tax credit.

From The Wall Street Journal Sep. 13, 2026

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

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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