Tax Expenditure

Tax Expenditure

The way in which a government uses a tax code to spend money. For example, suppose a government offers a tax credit for adopting a child. In such a case, an adoptive parent would pay less in taxes than he/she otherwise would, effectively receiving a subsidy from the government for adopting a child. Tax expenditures are popular ways for governments to encourage behaviors such as purchasing a home or having children.
References in periodicals archive ?
It also assesses the issues of environment, contingent liabilities, tax expenditure as well as economic and social indicators.
The Perverse Effects of Existing Tax Expenditure Budgets
The total tax expenditure declined 38 per cent to Rs17.
This is one of the few times Oregon gets a matching gift from the people before the state makes a tax expenditure.
9) In 2008, the Office of Management and Budget (OMB) estimated the tax expenditure budget to total $878 billion.
Obviously such a plan is unrealistic, the parties are not going to agree to eliminate every tax expenditure in the code--nor should they.
It also did not agree to include tax expenditure information in departmental reports on plans and priorities, as these expenditures are the responsibility of the minister of finance.
dollars of income and at the same time repeal tax expenditure limits even for households with incomes more than 1 million dollars.
Legislation passed in July reforms the reporting requirements, and, according to MTF analysis, will cut the state's tax expenditure estimate from about $26.
McLynch said he'd like to see the annual tax expenditure report go into detail about the jobs created by and benefits of these tax breaks.
Accordingly, this section begins with a discussion of the popularization of tax expenditure analysis during the 1960s and 1970s as well as antecedent debates regarding the need to close loopholes in an effort to move toward a comprehensive tax base.