An incentive to individuals and businesses that reduces their tax liability when they invest their money in areas that the government designates is called

Question

Quizplus · Accepted Answer

Tax incentives (or loopholes) are designed to encourage individuals and businesses to invest their money in certain areas, such as renewable energy or low-income housing. By offering tax breaks, the government hopes to stimulate economic growth and development in these designated areas.

An Incentive to Individuals and Businesses That Reduces Their Tax