Tax Credit definition

Tax Credit means a credit against, relief or remission for, or repayment of any Tax.
Tax Credit means a credit against any Tax or any relief or remission for Tax (or its repayment).
Tax Credit means any credit permitted under the Code or the law of any state against the federal or a state income tax liability of any Partner as a result of activities or expenditures of the Partnership including, without limitation, LIHTC.

Examples of Tax Credit in a sentence

  • The Child Tax Credit (CTC), up to $1000 per child, is not fully refundable and hence is of less benefit to low-income families.

  • The single most costly provision is the EITC, fol- lowed by the Child Tax Credit and the dependent exemption.

  • This $9,050 reduction reflects the impact of the tax credit available to the purchaser of a new ZEV, as well as the Advanced Manufacturing Production Tax Credit, which applies to manufacturers but is passed on to consumers.

  • The purpose of the Holding Corporation is to work with RCD to obtain New Market Tax Credit (NMTC) financing and hold title to RCD property.

  • The Earned Income Tax Credit (EITC) is a refundable credit calculated as a function of earnings and targeted towards low- and middle-income workers.

More Definitions of Tax Credit

Tax Credit means a tax credit under Section 59-7-619 or 59-10-1034.
Tax Credit means a credit against, relief or remission for, or repayment of, any Taxes.
Tax Credit means an economic development tax credit created by Section 59-7-614.2 or 59-10-1107.
Tax Credit has the meaning given to it in Clause 12.1 (Definitions).
Tax Credit means as described in Section 1.1(A) of the QAP.
Tax Credit means a credit against, relief of remission for or repayment of any UK Tax.
Tax Credit means a rural job creation tax credit created by Section 59-7-621 or 59-10-1038.