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

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

From Seattle Times

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

From Seattle Times

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

From Seattle Times

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

From Seattle Times

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