Plain meaning
A change or proposal affecting how tax is calculated, collected, credited, rebated, deferred, relieved, or administered.
Also called
tax measures
tax changes
tax change
Key points
- A tax measure can be a rate change, credit, deduction, exemption, rebate, surtax, compliance rule, or timing rule.
- Some measures are announced before the detailed legislation is released.
- Administrative guidance may be needed before taxpayers can apply the measure confidently.
- The same announcement can contain personal, business, housing, and trade-related tax measures.
Why it comes up
Using this term helps readers distinguish concrete tax changes from broader political announcements.