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

See Examples For:

capital levy

These school construction projects are also funded through the 2019 capital levy.

From Seattle Times ● Sep. 6, 2023

Projects under the $1.4 billion Building Excellence V capital levy were approved by Seattle voters in February 2019.

From Seattle Times ● Nov. 26, 2022

The dry language of the ballot title for Seattle Public Schools’ capital levy conceals plans for big changes to Seattle Center’s Memorial Stadium.

From Seattle Times ● Feb. 4, 2022

Unfortunately it shortly became apparent that the cost meant inserting the "capital levy" in the bill under the guise of a "mortgage-secured tax."

From Time Magazine Archive

He would have no difficulty about paying his capital levy, for he would obviously surrender something between 10 and 20 per cent. of his holding.

From War-Time Financial Problems by Withers, Hartley