sponge tax

Noun

Meaning

sponge tax (plural sponge taxes)

(US, law, historical) An estate tax imposed by a state that was credited against the federal estate tax, raising revenue for a state without increasing the overall tax burden.

Source: en.wiktionary.org

Close letter words and terms

sponge pudding sponge roll sponge rubber sponge toffee sponge up sponge-bag pants