tax incentive

  

Definition

Deduction, exclusion, or exemption from a tax liability, offered as an enticement to engage in a specified activity (such as investment in capital goods) for a certain period.

Use tax incentive in a sentence

  • You should find out if there is a tax incentive for doing things a certain way and if there is then proceed with it.

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  • We got a tax incentive and I asked what it meant and I was informed about how it worked and what it meant for us.

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  • Despite the numerous additional tax incentives, we still need more cash on hand if we are to remain financially solvent

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