a reduction in taxes that encourages companies or people to do something that will help the country's economy
Tax incentives worth millions brought dozens of companies and thousands of new jobs to the region last year.
A new initiative offers tax incentives to households which reduce their annual output of waste.
Governments may offer tax incentives to encourage environmentally friendly practices.
Tax incentives are designed to stimulate economic growth in specific industries.
Investing in renewable energy projects can qualify for tax incentives.
Businesses may relocate to areas with favorable tax incentives.