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tax credit
noun
- (in Britain) a social security benefit paid in the form of an additional income tax allowance
Example Sentences
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.
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.
The two-child cap prevents parents from claiming universal credit or child tax credit for a third child, with a few exemptions.
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.
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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