Law Dictionary Definitions

A tax imposed on sale of goods or services to be consumed. [Cases: Taxation 1201.1.] [Blacks Law 8th]

lieu of all other taxes related to the subject matter. 2.Hist. A tax imposed on shipowners, requiring them to post a bond or remit a payment per foreign passenger. • In the 19th-century, the tax was used to discourage immigration and to raise revenue to defray the costs of supporting indigent immigrants who had remained…

. 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…

See BETTERMENT TAX. capital-gains tax.A tax on income derived from the sale of a capital asset. • The federal income tax on capital gains typically has a more favorable tax rate — for example, 20% for an individual and 34% for a corporation — than the otherwise applicable tax rate on ordinary income. See CAPITAL…

.A tax on a ticket to a concert, sporting event, or the like. • The tax is usu. expressed as a percentage of the ticket price. [Cases: Theaters and Shows 3, 3.40, 3.60. C.J.S. Entertainment and Amusement; Sports§§ 18–19, 22, 24–37, 48.] [Blacks Law 8th]

.A tax, often a flat rate, potentially imposed on corporations and higher-income individuals to ensure that those taxpayers do not avoid too much (or all) income-tax liability by legitimately using exclusions, deductions, and credits. — Abbr. AMT. — Also termed minimum tax. [Cases: Internal Revenue 3550. C.J.S. Internal Revenue §§ 358–361.] [Blacks Law 8th]

[Cases: Theaters and Shows 3. C.J.S. Entertainment and Amusement; Sports§§ 18–19, 22, 25–37.] A tax imposed proportionally on the value of something (esp. real property), rather than on its quantity or some other measure. [Cases: Taxation 1. C.J.S. Taxation §§ 1–3, 5–6.] “[A]n ad valorem tax is a tax of a fixed proportion of the…

A tax imposed as part of the price of being admitted to a particular event [Blacks Law 8th]

tax,n. A monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. • Most broadly, the term embraces all governmental impositions on the person, property, privileges, occupations, and enjoyment of the people, and includes duties, imposts, and excises. Although a tax is often thought of as being pecuniary in…

tarnishment.Trademarks. A form of dilution that occurs when a trademark’s unauthorized use degrades the mark and diminishes its distinctive quality. Cf. BLURRING. [Cases: Trade Regulation 366. C.J.S. Trade-Marks, Trade-Names, and Unfair Competition § 79.] [Blacks Law 8th]