tax provision
noun[CorU]
ukusACCOUNTING,TAX
in a company'saccounts, anamountofmoneythat iskeptforfuturetaxpayments:
Whattaxprovisiondo we need tomakefortransferringownershipof thecompany?
LAW,TAX
partof alawthatrelatestopaymentoftaxeson theactivitiescoveredby thelaw:
The Republicanssucceededinaddingto thebill$10 millionworthof business-friendlytaxprovisions.
TheSenatenarrowlyfailedtopassasimilartaxprovision.