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tax credit

noun

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


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Example Sentences

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To entice production back to California, state legislators are proposing to increase its film tax credit to cover up to 35% of qualified expenditures for movies and TV series shot in the Los Angeles region.

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In another era, when the heated debate is over whether to extend a tax credit for first-time homeowners by three years or five, it would be good counsel to remember politeness.

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The two-child cap prevents parents from claiming universal credit or child tax credit for a third child, with a few exemptions.

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But more projects apply to the program than there are awards, and more than 75% of projects that get rejected for a tax credit go elsewhere, he said at the time.

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A record 51 films shooting in the Golden State will receive a government incentive in the latest round of the state’s film and television tax credit program, according to the California Film Commission.

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