tax holiday
[ taks hol-i-dey ]
/ ˈtæks ˌhɒl ɪˌdeɪ /
noun
a period of time during which the government reduces or suspends the collection of a tax, as payroll, property, or sales tax: The state legislature declared a hurricane preparedness tax holiday for items like flashlights and battery-powered radios.
Origin of tax holiday
First recorded in 1945–50
Words nearby tax holiday
tax disc,
tax evasion,
tax exile,
tax expenditure,
tax haven,
tax holiday,
tax loophole,
tax loss,
tax rate,
tax relief,
tax return
British Dictionary definitions for tax holiday
tax holiday
noun
a period during which tax concessions are made for some reason; examples include an export incentive or an incentive to start a new business given by some governments, in which a company is excused all or part of its tax liability