FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RJ7P2VbioQVexfXhjLwsBI
Label Tax Incentive
Preferred Label Tax Relief Mechanism
Identifier N/A
Alternative Labels
Tax Benefit

Definition

A Tax Incentive is a provision in tax law designed to encourage specific behaviors or activities by reducing a taxpayer's tax burden. It encompasses various mechanisms such as tax credits, deductions, exemptions, and preferential rates aimed at promoting certain economic or social objectives.

Class Relationships

Is Defined By

N/A

See Also

None

Parent Class Of 2

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

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Notes

  • None

Editorial Information

History Note

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Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available