For the purposes of this section and § 1-301.157, the term:
(1) “Categorical preference” means a tax preference that sets eligibility criteria and is potentially available to all entities that meet the criteria, subject to any funding limitations.
(2) “CFO” means the Chief Financial Officer of the District of Columbia.
(3) “Economic development purpose” means a goal to increase or retain business activity, including attracting new businesses or retaining existing ones, encouraging business expansion or investment, increasing or maintaining hiring, or increasing sales.
(4) “Individual preference” means a tax preference, such as a tax abatement, applied to one entity, project, or associated projects.
(5) “On-cycle tax preference” means a tax preference being reviewed in a current year.
(6) “Tax preference” shall have the same meaning as the phrase “tax expenditures” as defined in § 47-318(6).