{"iri":"http://lmss.sali.org/RBCp8wslqYg2QMIBJgDnViq","id":"RBCp8wslqYg2QMIBJgDnViq","label":"Tax Credit","definition":"A Tax Credit is a monetary amount that taxpayers can subtract directly from their tax liability, reducing the total amount of tax owed. It differs from a tax deduction in that it provides a dollar-for-dollar reduction in tax liability, rather than reducing taxable income.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/RJ7P2VbioQVexfXhjLwsBI","id":"RJ7P2VbioQVexfXhjLwsBI","label":"Tax Incentive"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RBCp8wslqYg2QMIBJgDnViq/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}