Phrases with «tax cap»

A tax cap refers to a limit or maximum amount imposed on taxes that can be levied or collected by a government from its citizens. It prevents taxes from going beyond a certain threshold, ensuring that taxpayers do not have to pay excessively high taxes. Full definition

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Sentences with «tax cap»

  • The county has stayed within the 2 percent property tax cap for six years, a county spokesman said. (newsday.com)
  • And don't forget their 2012 2 percent tax cap on year - to - year tax levy increases for all schools and local governments. (suffolktimes.timesreview.com)
  • The governor convinced the legislature to enact a 2 percent per year property tax cap in 2011. (wshu.org)
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