tax credit
noun
: an amount of money that is subtracted from taxes owed
Families with children in college will receive a tax credit this year.
Examples of tax credit in a Sentence
Recent Examples on the Web
In January, Portman received a $40 million tax credit from the state of Ohio's Transformational Mixed Use Development program.
—
Sydney Franklin, The Enquirer, 18 Dec. 2024
Set in the Florida Keys and based on a Carl Hiaasen book, the show’s first season was even filmed in Florida, though the state does not have a tax credit for film production.
—Gene Maddaus, Variety, 18 Dec. 2024
Advertisement The coalition’s first order of business is to get behind Gov. Gavin Newsom’s proposal, unveiled in October, to more than double the amount of money allocated annually to California’s film and TV tax credit program to $750 million from $330 million.
—Stacy Perman, Los Angeles Times, 18 Dec. 2024
Advertisement The film tax credit is popular among lawmakers from Los Angeles, where a majority of the 125,000 film industry jobs are based.
—Taryn Luna, Los Angeles Times, 11 Dec. 2024
See all Example Sentences for tax credit 
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Sydney Franklin, The Enquirer, 18 Dec. 2024
Set in the Florida Keys and based on a Carl Hiaasen book, the show’s first season was even filmed in Florida, though the state does not have a tax credit for film production.
—Gene Maddaus, Variety, 18 Dec. 2024
Advertisement The coalition’s first order of business is to get behind Gov. Gavin Newsom’s proposal, unveiled in October, to more than double the amount of money allocated annually to California’s film and TV tax credit program to $750 million from $330 million.
—Stacy Perman, Los Angeles Times, 18 Dec. 2024
Advertisement The film tax credit is popular among lawmakers from Los Angeles, where a majority of the 125,000 film industry jobs are based.
—Taryn Luna, Los Angeles Times, 11 Dec. 2024
See all Example Sentences for tax credit
Dictionary Entries Near tax credit
Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 8 Jan. 2025.
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