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

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Example Sentences

See Examples For:

capital levy

The capital levy voters approved last year included funding for new grandstands, LED lights and turf.

From Seattle Times ● Mar. 20, 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

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

From Seattle Times ● Jan. 26, 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

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 Hartley Withers

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