- Provisions of state constitutions expressly limiting the rate at which taxes may be levied. A limit usually, if not invariably, based upon the valuation of the taxable property within the taxing unit, sometimes restricting taxes to a certain percentage of the valuation, at other times restricting them to a designated amount of taxes per stated amount of valuation. 51 Am J1st Tax § 138.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
tax rate — The rate of levy; the fraction or decimal of the assessed value to be paid as a tax. The graduated rate at which an income, estate, or gift tax is imposed. The provision that state taxation of national bank shares shall not be at a greater rate… … Ballentine's law dictionary
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
Tax revenue — is the income that is gained by governments because of taxation of the people.Just as there are different types of tax, the form in which tax revenue is collected also differs; furthermore, the agency that collects the tax may not be part of… … Wikipedia
Tax Fraud — occurs when an individual or business entity willfully and intentionally falsifies information on a tax return in order to limit the amount of tax liability. Tax fraud essentially entails cheating on a tax return in an attempt to avoid paying the … Investment dictionary
tax-favoured — UK US UK (US tax favored) adjective FINANCE, TAX ► tax favoured investments allow people to keep profits up to a particular limit without having to pay tax on them: »ISAs were essentially set up to allow people on lower incomes to save in a tax… … Financial and business terms
Tax Reform Act of 1986 — The U.S. Congress passed the Tax Reform Act (TRA) of 1986, (USStatute|99|514|100|2085|1986|10|22) to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences. Although often referred to as the… … Wikipedia
Tax protester statutory arguments — Part of the Taxation in the United States series Tax protest in the United States … Wikipedia
Tax treaty — Taxation An aspect of fiscal policy … Wikipedia
tax law — Introduction body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.… … Universalium
Tax revolt — A tax revolt is a political struggle to repeal, limit, or roll back a government imposed tax.1930s, The Great DepressionIn the United States, it is often used to refer to a series of anti tax state initiative campaigns. The first significant wave … Wikipedia