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tax exemption
(redirected from Tax Incentives)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various charities, civic leagues, labor unions, trade associations, social clubs, and political organizations. Such policies date back to 1894, when the U.S. Congress passed income tax laws that provided exemptions for certain institutions.
tax exemption
The release of a property from the obligation to pay real estate taxes.


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Bill Richardson, a champion of the film program, has said while some tax incentives for other industries should be looked at, the movie incentives should be kept in place.
A local architecture firm has partnered with an expert in tax code to design an office building that takes advantage of federal tax incentives.
Usually, tax incentives are not bargained for but are instead the result of state or local statutory tax provisions.
 
 
 
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