tax break

noun

: a lower tax rate than other people have
People with small children are being given a tax break.

Examples of tax break in a Sentence

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Data center tax break Whitmer signed the first of two bills to provide tax breaks for data centers that warehouse computer servers. Clara Hendrickson, Detroit Free Press, 31 Dec. 2024 To pay for the new expenses, the bill would have eliminated some corporation tax cuts to tech and pharmaceutical industries, made short-term rentals pay the state’s hotel tax, and tightened a tax break for limited liability company owners that pay lower income tax rates. J.d. Davidson | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 20 Dec. 2024 That tax break is set to expire at the end of 2025. Aimee Picchi, CBS News, 13 Dec. 2024 Now the new Labour government has reinstated the 2030 target and car companies are lobbying to reintroduce the tax break. Sverre Alvik, Forbes, 9 Dec. 2024 See all Example Sentences for tax break 

Dictionary Entries Near tax break

Cite this Entry

“Tax break.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20break. Accessed 22 Jan. 2025.

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