capital levy

American  

noun

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

---

capital levy British  

noun

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

---

Etymology

Origin of capital levy

First recorded in 1915–20

Example Sentences

The $28.3 million project was funded through a capital levy approved by Seattle voters in 2019.

From Seattle Times • Sep. 6, 2023

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

From Seattle Times • Feb. 21, 2023

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

One of the big-ticket items the capital levy would fund is upgrades to Memorial Stadium, the Seattle Center facility where many students take part in graduation ceremonies or play football.

From Seattle Times • Jan. 27, 2022

As regards internal debt, I am one of those who believe that a capital levy for the extinction of debt is an absolute prerequisite of sound finance in everyone of the European belligerent countries.

From The Economic Consequences of the Peace by Keynes, John Maynard