Meaning of “energy tax credit” in the English Dictionary

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"energy tax credit" in Business English

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energy tax creditnoun [ C ]

uk us

TAX, ENVIRONMENT a way of allowing a person or organization to pay less tax because they have changed to a system that uses less energy, or to renewable energy (= power from the sun, wind, etc.):

The Committee approved $20 billion in energy tax credits as part of a plan to help revive the US economy.

(Definition of “energy tax credit” from the Cambridge Business English Dictionary © Cambridge University Press)