tax-credit
51recapture of investment tax credit — When investment credit property is disposed of or ceases to be used in the trade or business of the taxpayer, some of the investment tax credit claimed on such property may be recaptured as additional tax liability. The amount of the recapture… …
52Work Opportunity Tax Credit — A separate, nonrefundable credit that is part of the general business credit. The work opportunity tax credit is designed to encourage employers to hire workers from certain minority groups with higher than average unemployment rates. This credit …
53Alternative Fuels Tax Credit — A non refundable tax credit awarded to taxpayers who use non alcohol alternative fuels that are either sold commercially by the taxpayer or used in the taxpayer s vehicles for business. The alternative fuels tax credit is computed by multiplying… …
54Investment tax credit — Proportion of new capital investment that can be used to reduce a company s tax bill (abolished in 1986). The New York Times Financial Glossary * * * investment tax credit investment tax credit ➔ credit1 …
55Investment Tax Credit — Proportion of new capital investment that could be used to reduce a company s tax bill (abolished in 1986). Bloomberg Financial Dictionary * * * investment tax credit investment tax credit ➔ credit1 …
56Hybrid tax credit — The U.S. IRS has adopted large tax credits for purchase of new hybrid vehicles. The credits have a current maximum of $3,150. Note these are credits dollar for dollar tax savings not merely deductions. The law that created the credits limits its… …
57energy tax credit — UK US noun [C] ► TAX, ENVIRONMENT a way of allowing a person or organization to pay less tax because they have changed to a system that uses less energy, or to renewable energy (= power from the sun, wind, etc.): »The Committee approved $20… …
58Landfill Tax Credit Scheme — The Landfill Tax Credit Scheme (LTCS) is a scheme for the distribution of funds generated from Landfill Tax in the UK. The LTCS was designed to help mitigate the effects of landfill upon local communities. It encourages partnerships between… …
59unified tax credit — A federal tax credit that reduces tax liability, dollar for dollar, on lifetime gifts and asset transfers at death. Bloomberg Financial Dictionary …
60tuition tax credit — tuition tax credit, an allowance that may be deducted from taxable income for the cost of tuition: »Hit by inflation, many middle class parents are now asking for “tuition tax credits” to help to send their children to private schools (Manchester …
