tax expenditure
C7192
concept
A tax expenditure is a loss of government tax revenue resulting from provisions in the tax code—such as deductions, exemptions, credits, or preferential rates—that function like spending programs by providing targeted financial benefits to specific activities or groups.
All labels observed (7)
| Label | Occurrences |
|---|---|
| federal tax credit | 3 |
| refundable tax credit | 2 |
| U.S. federal income tax credit | 1 |
| United States federal income tax credit | 1 |
| United States tax benefit | 1 |
| nonrefundable tax credit | 1 |
| tax expenditure canonical | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: tax expenditure
Generated description
A tax expenditure is a loss of government tax revenue resulting from provisions in the tax code—such as deductions, exemptions, credits, or preferential rates—that function like spending programs by providing targeted financial benefits to specific activities or groups.
Instances (6)
| Instance | Via concept surface |
|---|---|
| Low-Income Housing Tax Credit | — |
| Child Tax Credit | federal tax credit |
| Additional Child Tax Credit | refundable tax credit |
| Earned Income Tax Credit | refundable tax credit |
| Employee Retention Credit | federal tax credit |
| Other Dependent Credit | U.S. federal income tax credit |