tax expenditure

American  

noun

1. any reduction in government revenue through preferential tax treatment, as deductions or credits.

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Example Sentences

The government actually publishes not one, but two tax expenditure budgets, one by the Treasury Department and the other by the Joint Committee on Taxation, listing all of the spending found in the tax code.

From Slate • Dec. 10, 2024

For tax expenditure programs to end, "There has to be a campaign, maybe a horror story," LeRoy said.

From Salon • Feb. 8, 2023

This just isn’t a good use of tax expenditure really.

From Forbes • Dec. 22, 2014

The exclusion for employer-provided health insurance is far and away the largest tax expenditure.

From New York Times • Jul. 30, 2013

The newspaper made its calculations based on figures from the state comptroller office's tax expenditure report.

From Chicago Tribune • May 28, 2012