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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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Last year, he doubled the state’s existing film and television tax credit in an effort to support the industry.

From Los Angeles Times Sep. 23, 2026

"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

An expanded child tax credit is the first step.

From The Wall Street Journal Sep. 13, 2026

For years, Hollywood has talked about a federal film and television tax credit that could help the industry combat the growing number of productions fleeing overseas.

From Los Angeles Times Sep. 3, 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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