capital-stock tax

. 1. A tax on capital stock in the hands of a stockholder. [Cases: Taxation
119.] 2. A state tax for conducting business in the corporate form, usu. imposed on out-of-state corporations for the privilege of doing business in the state. • The tax is usu. assessed as a percentage of the par or assigned value of a corporation’s capital stock. capitation tax.See poll tax.

[Blacks Law 8th]