tax credit

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tax credit

n
(Social Welfare) (in Britain) a social security benefit paid in the form of an additional income tax allowance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax credit - a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
reduction, step-down, diminution, decrease - the act of decreasing or reducing something
References in periodicals archive ?
The federal solar investment tax credit is critical for supporting local jobs and reducing energy bills for Bakersfield homeowners and businesses," saidCouncilmember Willie Rivera , sponsor of the city resolution that calls on Congress to extend the federal solar Investment Tax Credit (ITC).
46 investment tax credit (ITC) is composed of several credits, including the credit for rehabilitation expenditures under Sec.
Still, he pledged to fully support the MOEA's proposal of raising investment tax credit for R&D, should the government have sufficient financial resources.
5 billion worth of investment tax credits for taxpayers that re-equip, expand or establish domestic manufacturing facilities that produce advanced energy equipment.
Individuals and investment partnerships made up of only "qualified investors" are entitled to claim an investment tax credit when making informal venture investments in a "qualified small business.
Alter qualified for an investment tax credit in the amount of $55,500, which was limited to 1 percent of the qualifying investment because the project was already completed at the time of the award.
Additionally, the case involving the Ohio Investment Tax Credit (Cuno v.
In exchange, the company would have been entitled to an investment tax credit against its Ohio franchise tax liability in the amount of 13.
In the decision, the court found unconstitutional an investment tax credit provided by the state of Ohio to DaimlerChrysler to entice the company into an upgrade of a Jeep assembly plant.
Another pro-growth component of the plan is its suggestion that the current manufacturers' investment tax credit be made permanent.
There is one federal tax credit called the Federal Investment Tax Credit for Commercial Solar Energy.
Few policymakers, though, ever consider the most obvious and potentially effective solution: an aggressive variant of the classic Investment Tax Credit to prompt an investment boom.

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