tax incentive

tax incentive definition - business

tax incentive

A tax benefit offered in order to encourage or discourage targeted activities. For example, the federal government offered tax credits for buying hybrid (electric/gas) vehicles and tax incentives for rehabilitating historic buildings.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.