revenue act

Noun

Meaning

revenue act (countable and uncountable, plural revenue acts)

A statute imposing a tax to defray the expenses of government..

Source: en.wiktionary.org

Examples

Donald (1996), p. 424. This created a flat tax of 3 percent on incomes above $800 ($ in current dollar terms), which was later changed by the Revenue Act of 1862 to a progressive rate structure. Source: Internet

Policies on Government revenue and how it should be allocated has taken on new momentum since the implementation of the new Inland Revenue Act. Source: Internet

Justin Smith Morrill The Morrill tariff inaugurated a period of continuous trade protection in the United States, a policy that remained until the adoption of the Revenue Act of 1913 (the Underwood tariff). Source: Internet

The Nemesis of Power, London: Macmillan, 1967, p. 250. * June 6 The Revenue Act of 1932 is enacted, creating the first gas tax in the United States at 1 cent per US gallon (0.26 ¢/L) sold. Source: Internet

The Revenue Act of 1861 introduced the income tax to help finance the war. Source: Internet

Close letter words and terms

reventilate revenual revenue revenue agency revenue and expenditure revenue and expenditure account