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.

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

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