tax purpose

The ultimate use and object for which a fund is raised by taxation, which, as a support for the imposition, can be nothing other than a constitutionally valid public purpose. 51 Am J1st Tax § 321.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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  • tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 …   Law dictionary

  • tax evasion — n: a willful and esp. criminal attempt to evade the imposition or payment of a tax convicted of tax evasion Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax evasion …   Law dictionary

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  • tax deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax deed …   Law dictionary

  • tax break — ˈtax break noun [countable] TAX ECONOMICS a special reduction in taxes that the government allows for a particular purpose: • A temporary investment tax credit would provide a tax break to businesses that invest in equipment. * * * tax break UK… …   Financial and business terms

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