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tax holiday

[taks hol-i-dey]
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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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Origin of tax holiday

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for tax holiday

tax holiday

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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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