Law Dictionary Definitions

A tax imposed on the use of certain goods that are bought outside the taxing authority’s jurisdiction. • Use taxes are designed to discourage the purchase of products that are not subject to the sales tax. [Cases: Taxation 1202. C.J.S. Taxation § 1992.] [Blacks Law 8th]

organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018. C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.] [Blacks Law 8th]

A tax levied on a not-for-profit organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018. C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.] [Blacks Law 8th]

A tax of income earned locally by a business that transacts business through an affiliated company outside the state or country. See UNITARY BUSINESS. [Cases: Taxation 1005. C.J.S. Taxation § 1719.] [Blacks Law 8th]

The federal transfer tax imposed equally on property transferred during life or at death. • Until 1977, gift-tax rates were lower than estate taxes. — Also termed unified estate-and-gift tax. [Blacks Law 8th]

See accumulated-earnings tax. A tax imposed on an employer by state or federal law to cover the cost of unemployment insurance. • The Federal Unemployment Tax Act (FUTA) provides for a tax based on a percentage of employee earnings but allows a credit for amounts paid in state unemployment taxes. [Cases: Internal Revenue 4305. C.J.S.…

1. A tax imposed on the transfer of property, esp. by will, inheritance, or gift. [Cases: Internal Revenue 4220–4228; Taxation 856–898. C.J.S. Internal Revenue §§ 576–578; Taxation§§ 1783–1792, 1794–1944, 1948, 1988.] 2. See stock-transfer tax. 3. See generation-skipping transfer tax. [Blacks Law 8th]

See tonnage duty under DUTY(4). [Blacks Law 8th]

A tax, usu. temporary, levied during the term of a budget to cover an unexpected deficit. — Also termed additional tax. succession tax.See inheritance tax (1). surtax. An additional tax imposed on something being taxed or on the primary tax itself. [Cases: Taxation 1061. C.J.S. Taxation § 1698.] [Blacks Law 8th]

A tax levied by the federal government and by some states on the transfer or sale of shares of stock. — Often shortened to transfer tax. [Cases: Internal Revenue 4404; Taxation 105.5. C.J.S. Taxation §§ 167, 1681–1692.] “Some state statutes impose special taxes, usually in the form of a stamp tax, upon sales and agreements…