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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How to use tax holiday in a sentence
He also promised not to raise taxes and to give a three-year tax holiday to small businesses with good reputations.Recession? Devaluation? Inflation? Putin Tells Russia Stay the Course. | Anna Nemtsova | December 4, 2014 | THE DAILY BEAST
Ending the payroll tax holiday probably cut substantially into the disposable income of Walmart's "value oriented" customers.Walmart Customers Have Disappeared. Will They Take the Economy With Them? | Megan McArdle | February 19, 2013 | THE DAILY BEAST
The payroll tax cut—or tax holiday—was not part of the Bush-era tax cuts.
Such will be the case later this week when the Senate tries to vote on extending the payroll-tax holiday.Michael Tomasky: GOP Is Set to Self-Destruct Over Payroll Tax | Michael Tomasky | November 29, 2011 | THE DAILY BEAST
More than half consists of extending measures already in place (the payroll tax holiday and unemployment benefits).
British Dictionary definitions for tax holiday
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
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