in lieu tax

A tax imposed as a substitute for another.intangible tax.A state tax imposed on the privilege of owning, transferring, devising, or otherwise dealing with intangible property. [Cases: Taxation 1. C.J.S. Taxation §§ 1–3, 5–6.] interest-equalization tax.A tax imposed on a U.S. citizen’s acquisition of stock issued by a foreign issuer or a debt obligation of a foreign obligor, but only if the obligation did not mature
within a year. • This tax was repealed in the mid-1970s. IRC (26 USCA) § 4911.
[Blacks Law 8th]