phase out

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Phase Out

To gradually end something, especially a project. For example, a company seeking to wind down its research and development department my phase it out by cutting its budget successively over several years.
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phase out

To bring to an end in stages. Typically encountered with tax benefits that are phased out—decreased or diminished—over the course of several years.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Speaking for his group, Jose Ignacio Salafranca (EPP, Spain) welcomed "the proposed phasing out for regions affected by statistical changes" but questioned scope for "phasing out from the Cohesion Fund".
By phasing out the exemptions, Congress has created a bubble in the effective marginal rate imposed on taxpayers.