tax expenditure

American  

noun

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

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Example Sentences

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

From Salon • Feb. 8, 2023

Every single organization on this list represents a significant tax expenditure; collectively, they represent a massive pot of uncollected taxes that, ultimately, need to be made up by the rest of us.

From Slate • May 10, 2018

The government recognizes this subsidy in its annual budget as a tax expenditure.

From New York Times • Oct. 24, 2015

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

From Forbes • Dec. 22, 2014

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

From Chicago Tribune • May 28, 2012