tax credit

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

Example Sentences

Rather than fund and build it, the VA contracted the work to affordable housing developers who brought outside funding through time-consuming tax credits.

From Los Angeles Times

“California has long been the entertainment capital of the world — and the newly expanded film and TV tax credit program is keeping it that way,” Gov. Gavin Newsom said in a statement.

From Los Angeles Times

A $7,500 tax credit for buyers of new electric vehicles and one worth $4,000 for used EVs expire in September.

From Los Angeles Times

Local news that would darken his doorstep: Things like production in Los Angeles is down, California subsidies and tax credits aren’t where they should be.

From Los Angeles Times

We need to bring back enterprise zones where developers get tax credits for building housing in areas of the city that need it the most.

From Los Angeles Times