Definitions for tax holiday
tax hol·i·day

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1. Tax holiday

   A tax holiday is a temporary reduction or elimination of a tax. Programs may be referred to as tax abatements, tax subsidies, tax holidays, or tax reduction programs. Governments usually create tax holidays as incentives for business investment. Tax holidays have been granted by governments at national, sub-national, and local levels, and have included income, property, sales, VAT, and other taxes. Some tax holidays are extra-statutory concessions, where governing bodies grant reduction in tax not necessarily authorized within the law. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting Foreign Direct Investment or stimulating growth in selected industries. Tax holiday stimulate community revitalization, retain City residents, attract homeowners to the City, and to reduce development costs for home-ownership and rental projects. The program provides a benefit for residents who improve their homes and encourages home shoppers to buy in the City. The tax abatement benefits stay with the property the entire length of the abatement and will transfer to any new property owner within that period. A tax holiday may be given in respect of particular activities, in particular areas with a view to develop that area of business, or to particular taxpayers. Researchers found that on sales tax holidays, households increase the number of clothing and shoes bought by over 49 percent and 45 percent, respectively, relative to what they buy on average.

How to pronounce tax holiday?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say tax holiday in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tax holiday in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of tax holiday in Pythagorean Numerology is: 2

Examples of tax holiday in a Sentence

1. Ron Wyden:

   Sen. Ron Wyden, D-Ore., said Trumps payroll tax holiday could drain the Social Security trust fund and said some states can not afford the 25 percent unemployment match, especially since the GOP has opposed additional money to state and local governments. Donald Trump is trying to distract from Donald Trump failure to extend the $ 600 federal boost for 30 million unemployed workers by issuing illegal executive orders, this scheme is a classic Donald Trump con : play-acting at leadership while robbing people of the support they desperately need.

2. Richard Prisinzano:

   A payroll tax holiday on top of a pandemic will have a significant negative effect, this is just piling on.

3. Wells Fargo:

   I fully understand that a gas tax holiday alone is not going to fix the problem, but it will provide families some immediate relief -- just a little bit of breathing room -- as we continue working to bring down prices for the long haul.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=tax holiday