Tax Credit
Tax credit in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of tax credit.
Resources
See Also
- Law Enforcement Officer
- Police
- Law Enforcement Agency
Further Reading
- tax credit in A Dictionary of Law Enforcement (Oxford University Press)
- tax credit in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
Children’S Tax Credit
Resources
See Also
- See income tax.
English Legal System: Disabled Person’s Tax Credit
In the context of the English law, A Dictionary of Law provides the following legal concept of Disabled Person’S Tax Credit : An income-related benefit that, under the Tax Credits Act 1999, replaced disability working allowance in October 1999. Administered by the Inland Revenue rather than the Benefits Agency, it is payable to those aged 16 or over who are working 16 or more hours a week, who have a disability that puts them at a disadvantage in obtaining employment, and whose income does not exceed an amount prescribed under statute.
Investment Tax Credit (Itc) in the Economic Activity
An introductory concept of Investment Tax Credit (Itc) may be: a provision of the tax code in which the government reduces a company’s tax bill by an amount equal to a percentage of its spending on investment
Earned Income Tax Credit (EITC) Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Earned Income Tax Credit (EITC) in a way that is easy for anybody to understand: A refundable tax credit for eligible low income workers, subject to computations based on qualifying children and phase in and phase out income levels.
Tax Credit for the Elderly and Disabled Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Tax Credit for the Elderly and Disabled in a way that is easy for anybody to understand: Taxpayers age 65 or older or those under 65 who are retired with permanent and total disability are eligible to claim a credit to reduce the amount of their tax liability. It is designed primarily to benefit those individuals who receive small amounts of retirement INCOME. Each taxpayer is allocated an initial base amount based on his or her filing status determining the credit. The base amount is then reduced by the amount of nontaxable income, or is phased out for taxpayers whose ADJUSTED GROSS INCOME exceeds certain levels.
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