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English definition of “tax rebate”

tax rebate

noun [C]
 
 
TAX, FINANCE
an amount of money that is paid back to you if you have paid too much tax: More than 2 million taxpayers will receive checks totaling $1 billion because of the federal tax rebate program.
a reduction in the amount of tax that has to be paid on something: They are negotiating a property tax rebate for elderly home-owners.
(Definition of tax rebate from the Cambridge Business English Dictionary © Cambridge University Press)
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