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

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

From Seattle Times ● Mar. 20, 2023

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.

From Seattle Times ● Feb. 4, 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 other words, because both lawyer and parson paid income tax, it was fair that the former should escape the capital levy while the latter should have to pay it!

From War-Time Financial Problems by Hartley Withers