capital levy

noun

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

capital levy

noun

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

Word History and Origins

Origin of capital levy¹

First recorded in 1915–20

Example Sentences

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

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

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This initiative started about three years ago, and is being paid for through a voter-approved capital levy.

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The capital levy would bring in $783 million over six years.

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Now the school district is asking voters to approve a capital levy that would fund various projects, among them replacing the Memorial Stadium grandstands and keeping the field for sports and community events.

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