tax credit

noun

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

Example Sentences

The company’s sales improved in the third quarter when Americans raced to buy EVs before tax credits expired Sept. 30.

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Earlier this month, the company began selling stripped-down, cheaper Model Y and Model 3 vehicles, which could help boost sales after federal tax credits for electric-vehicle buyers expired in September.

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Those tax credits saved the nuclear industry from disappearing, one rusty reactor at a time.

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The law offered tax credits and other incentives for renewable fuels, spurring demand for waste oils such as UCO.

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In August, the Treasury issued safe-harbor guidance that provides clarity on eligibility for clean energy tax credits.

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