Tax preferences definition

Tax preferences means any law of the United States or of the state of Delaware which exempts, in whole or in part, certain persons, income, goods, services or property from the impact of established taxes, including, but not limited because of a failure of enumeration, to those devices known as tax deductions, tax exclusions, tax credits, tax deferrals, and tax exemptions. Tax preferences shall not include variations in the rate of income tax...standard deductions...or personal exemptions.”2
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Tax preferences means any Tax holiday, concession, exemption, incentive, credit, rebate or agreement (including any agreement for the deferred payment of any Tax liability) with any Governmental Authority.
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Examples of Tax preferences in a sentence

  • Finally, certain organisations are eligible for Value Added Tax preferences.

  • A balance could not be achieved because the decimal was removed when recording.

  • Secrecy, Tax preferences, and the Race to the Bottom The Panama Papers and other information leaks,9 which will no doubt continue, have demonstrated the risks of playing an enabling role in obscuring financial flows.

  • Within that average, there was considerable variation by industry—from a low of a 14 percent average tax rate for utilities to a 31 percent average tax rate for construction.3 Tax preferences also lead to very different effective marginal tax rates across assets.

  • Tax preferences for social policy, including sales and property tax exemptions for churches and nonprofit organizations, as well as the sales tax exemption for groceries, comprise the second largest aggregate amount of spending through the tax code by policy area.

  • Tax preferences to encourage the production of fossil fuels made up the bulk of all energy-related tax incentives from the passage of the Revenue Act of 1916 through the mid-2000s; tax preferences for oil and natural gas pro- ducers accounted for more than two-thirds of the total cost of all preferences in most years.

  • If a new tax preference taking effect after August 1,2013, meets the requirement found in RCW 82.32.808(5),every taxpayer claiming the new preference must completean annual survey.)) Tax preferences requiring an annual survey.

  • Tax preferences for debt financing therefore have consequences for both budgetary practice and economic efficiency.

  • Tax preferences include tax exclusions, deductions, exemptions, preferential tax rates, deferrals, and credits.

  • Tax preferences on municipal debt generally leave to states and localities the decision about which projects to finance and how much debt to issue.