tax credit

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

Example Sentences

With Trump’s team expected to kill President Biden’s electric vehicle tax credit, among other reversals, California can cement its reputation for consistently committing to its climate policies.

From Los Angeles Times

Reuters and other news organizations reported Friday that Trump plans to end the $7,500 consumer tax credit for EVs — a move that Musk supports.

From Los Angeles Times

For example, Trump, who tempered criticism of electric vehicles after Musk backed him, might end a $7,500 tax credit for electric vehicles.

From Los Angeles Times

Some of these choice programs rely at least in part for funding on donations offset by tax credits or philanthropy rather than a direct state subsidy.

From Los Angeles Times

Trump, while he has softened his criticism of electric vehicles after Tesla Chief Executive Elon Musk backed him, has considered ending a $7,500 federal tax credit for new electric vehicle purchases.

From Los Angeles Times