tax expenditures

(3) The term “tax expenditures” means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term “tax expenditures budget” means an enumeration of such tax expenditures.

Source

2 USC § 622(3)

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Scoping language

None identified, default scope is assumed to be the parent (chapter 17A) of this section.

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