tax holiday

American  

[taks hol-i-day] / 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.

---

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

---

Etymology

Origin of tax holiday

First recorded in 1945–50

---

Example Sentences

See Examples For:

tax holiday

Hauliers would also benefit from a 12-month road tax "holiday", the spokesperson said.

From BBC ● Sep. 22, 2026

After the tax holiday ends, prices will increase.

From The Wall Street Journal ● May 11, 2026

The latest federal budget extended a tax holiday for GIFT-resident entities from 10 to 20 years.

From Barron's ● Apr. 9, 2026

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

“I fully understand that a gas tax holiday alone is not going to fix the problem,” Mr. Biden said.

From Washington Times ● Jun. 22, 2022

Random Word

Spin the wheel and learn a new word!

---