capital levy

American  

noun

1. a tax based on capital, as distinguished from a tax on income.

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capital levy British  

noun

1. a tax on capital or property as contrasted with a tax on income

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Etymology

Origin of capital levy

First recorded in 1915–20

Example Sentences

Technology represents about a third of the district’s six-year, $783 million capital levy request.

From Seattle Times • Jan. 26, 2022

A capital levy would fund construction projects to modernize or replace aging buildings.

From Seattle Times • Apr. 3, 2018

But it has the biggest property-tax base of any school district, and it has successfully passed every bond and capital levy it has proposed since 1996 — a haul of at least $2 billion.

From Seattle Times • Jul. 13, 2016

The district already has $5 million set aside from a previous capital levy.

From Seattle Times • Jan. 26, 2015

In 1916 they imposed a war increment tax, something in the nature of a capital levy, which is stated to have brought in £275 millions.

From War-Time Financial Problems by Withers, Hartley