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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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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.

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But it was important to bring the work here, so we fought really hard to get the California tax credit.

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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.

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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.

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He also said that Musk opposed provisions of Trump’s megabill that would phase out tax credits for electric vehicles.

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Taxcotax-deductible