Tax Incentives
/ˈtæks ɪnˌsɛntɪvz/
Definitions
- (n.) Government-granted reductions or exemptions in tax to encourage specific economic activities or behaviors.
The company benefited from tax incentives to invest in renewable energy.
Forms
- tax incentive
Related terms
See also
Commentary
Tax incentives should be clearly defined in legislation to avoid ambiguity regarding eligible activities and the extent of relief.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.