circuit breaker n. a rule or law that puts protective measures in place once a certain level of financial activity has been reached; (specifically) a law that provides tax refunds once a maximum of property taxes have been paid; a rule that shuts...
circuit breaker n.— «The same kind of proposal is offered for property taxes, with a special commission endorsement of the “circuit breaker” provision of Wisconsin and Minnesota laws that give low-income elderly homeowners and...
circuit breaker n.— «I do qualify for the circuit breaker—or as I call it, rent refund program. This state program provides refunds to primarily property taxpayers, if their taxes exceed a certain percentage of income; however, the other...