tax holiday

American  

[taks hol-i-dey] / ˈtæks ˌhɒl ɪˌdeɪ /

noun

1. a period of time during which the government reduces or suspends the collection of a tax, as payroll, property, or sales tax.

   The state legislature declared a hurricane preparedness tax holiday for items like flashlights and battery-powered radios.

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tax holiday British  

noun

1. a period during which tax concessions are made for some reason; examples include an export incentive or an incentive to start a new business given by some governments, in which a company is excused all or part of its tax liability

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Etymology

Origin of tax holiday

First recorded in 1945–50

Example Sentences

See Examples For:

tax holiday

After the tax holiday ends, prices will increase.

From The Wall Street Journal ● May 11, 2026

Cinquegrana points to three: waiving summer gasoline volatility rules, expanding E15 access, and pursuing a gasoline tax holiday.

From Barron's ● Mar. 3, 2026

India is also proposing a tax holiday up to 2047 for foreign cloud companies making data-centre investments in the country and providing cloud services to customers globally.

From BBC ● Feb. 1, 2026

The budget also raises the standard deduction, removes the age requirement for a military retiree tax benefit and reinstates a popular back-to-school sales tax holiday that lawmakers forgot to renew.

From Washington Times ● Sep. 14, 2023

Her state of Texas offers a sales tax holiday in early August, which coincides with back-to-school shopping, making it easier to pick up school supplies and other eligible items at a discount.

From Seattle Times ● Jul. 11, 2022