Tag: incentives
Qualified Electric Vehicle
What is 'Qualified Electric Vehicle' An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle...
Qualified Disclaimer
What is 'Qualified Disclaimer' A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform...
Fail
What is 'Fail' In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds...
Water Pollution Liability
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...
General Business Tax Credit
What is 'General Business Tax Credit' The total value of all the individual credits to be applied against income on a tax...
Tax Benefit
What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...
Tax Credit
DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...
Tax Attribute
What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of...
Tax Clawback Agreement
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...
Dealer Incentive
What is 'Dealer Incentive' A corporate sales strategy in which the price a dealer has to pay a manufacturer for a particular...