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

The pilot program differed from past state rebates and tax credits for electric cars in that applicants didn’t have to first purchase an e-bike to get the incentive.

From Los Angeles Times

That is in part because the company’s research tax credits stayed relatively flat while profits increased.

From The Wall Street Journal

As film and television post-production work has increasingly left California, workers are pushing for a new standalone tax credit focused on their industry.

From Los Angeles Times

Higher utility rates will improve the value proposition of solar, the analysts add, as prepaid leases gain greater adoption to offset declines from the end of a residential solar tax credit last year.

From The Wall Street Journal

Under a quirk of the tax rules, third-party owners can generally qualify for tax credits, and they can pass some of those financial benefits to the homeowner, Enphase believes.

From Barron's