Sentences with phrase «valorem excise»
Ad valorem excise taxes are fixed percentage rates assessed on particular goods or services.
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There were two issues for the court to consider: first, is the TUF a tax or a fee; and if the TUF is a tax, is it an ad valorem tax or a type of impermissible tax, such as an excise tax.
Kansas courts define an excise tax as any tax that is not an ad valorem tax.