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taxable year.See tax year under YEAR. [Blacks Law 8th]

tax levy.See LEVY(1). [Blacks Law 8th]

tax lease.See LEASE. [Blacks Law 8th]

tax law. 1.INTERNAL REVENUE CODE. 2.The statutory, regulatory, constitutional, and common-law rules that constitute the law applicable to taxation. 3. The area of legal study dealing with taxation. [Blacks Law 8th]

tax injunction act.A federal law prohibiting a federal court from interfering with the assessment or collection of any state tax where the state affords a plain, speedy, and efficient remedy in its own courts. 28 USCA § 1341. [Cases: Federal Courts 27.] [Blacks Law 8th]

taxing power.See POWER(3). [Blacks Law 8th]

taxing district.See DISTRICT. [Blacks Law 8th]

tax-increment financing.A technique used by a municipality to finance commercial developments usu. involving issuing bonds to finance land acquisition and other up-front costs, and then using the additional property taxes generated from the new development to service the debt. — Abbr. TIF. [Cases: Municipal Corporations 953.] [Blacks Law 8th]

tax incentive.A governmental enticement, through a tax benefit, to engage in a particular activity, such as the contribution of money or property to a qualified charity. [Blacks Law 8th]

tax home.A taxpayer’s principal business location, post, or station. • Travel expenses are tax-deductible only if the taxpayer is traveling away from home. [Cases: Internal Revenue 3343.] [Blacks Law 8th]