tax expenditures
Defined in 1 dictionary — U.S. Code
United States Code
2 U.S.C. § 622 — in this section
The term “tax expenditures” means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term “tax expenditures budget” means an enumeration of such tax expenditures.