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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
The conservation group used an innovative funding strategy, assembling $56 million from foundations, corporations and philanthropists, as well as other sources such as tax credits, public grants and the sale of carbon credits.
But it was important to bring the work here, so we fought really hard to get the California tax credit.
Trump responded by suggesting Musk opposed the legislation because it includes cuts to energy tax credits that have benefited Tesla, Musk’s electric vehicle company.
And he said Musk was only changing his tune now because his car company, Tesla, will be hurt by the Republican push to end electric vehicle tax credits.
He also said that Musk opposed provisions of Trump’s megabill that would phase out tax credits for electric vehicles.
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