tax holiday

[ taks hol-i-dey ]
/ ˈtæks ˌhɒl ɪˌdeɪ /

noun

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.

Nearby words

  1. tax disc,
  2. tax evasion,
  3. tax exile,
  4. tax expenditure,
  5. tax haven,
  6. tax loophole,
  7. tax loss,
  8. tax rate,
  9. tax relief,
  10. tax return

Origin of tax holiday

First recorded in 1945–50

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for tax holiday

tax holiday

noun

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