Tag: incentives

What is 'Qualified Electric Vehicle' An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle...

What is 'Qualified Disclaimer' A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform...

What is 'Fail' In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds...

What is water pollution liability Water pollution liability is the legal responsibility for damages caused by the contamination of bodies of water. This can include...

What is 'General Business Tax Credit' The total value of all the individual credits to be applied against income on a tax...

What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...

DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...

What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of...

What is a Tax Clawback Agreement A Tax Clawback Agreement is an agreement between a taxpayer and the IRS in which the taxpayer agrees to...

What is 'Dealer Incentive' A corporate sales strategy in which the price a dealer has to pay a manufacturer for a particular...