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A tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a tax liability.
A levy (plural levies) is a military force raised ("levied") in a particular manner. In the Roman legion this typically means "farmer soldier" militia units raised by conscription that provided most of light and heavy infantry composition—most of which were of poor training and little fighting ability—but not always.
The U.S. states that do not levy a state income tax are Alaska, Tennessee, Florida, Nevada, South Dakota, Texas, [23] Washington state, and Wyoming. Additionally, New Hampshire and Tennessee levy state income taxes only on dividends and interest income. Of the above states, only Alaska and New Hampshire do not levy a state sales tax.
The holding of the Butler case stemmed from the legal theory of that era, which held that regulation of production fell outside of Congress's commerce power. While the Court today is much more likely to defer to Congressional spending via the Commerce Clause , there are still circumstances where such spending may not be justifiable or validated ...
Current levy ballot language can use phrases such as "at a rate not exceeding one (1) mill for each one dollar of valuation, which amounts to ten cents ($0.10) for each one hundred dollars of ...
If approved, the levy would generate an additional $1 million for township roads to a total of $2 million for the levy. The cost to the homeowner would rise by $33.25 a year for every $100,000 of ...
A private copying levy (also known as blank media tax or levy) is a government-mandated scheme in which a special tax or levy (additional to any general sales tax) is charged on purchases of recordable media. Such taxes are in place in various countries and the income is typically allocated to the developers of "content".
The result is a new law, signed by Murphy this week, that permits those 147 districts to lift, for a one-year period, New Jersey’s 2% property tax cap for school tax levies.