follow Dictionary.com

What is the X in X-mas?

use tax

[yoos] /yus/
noun
1.
a state tax imposed on goods purchased outside a state for which state sales tax has not been paid.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for use tax
  • They are supposed to voluntarily pay a use tax in their respective state.
  • In other words, use tax credits to encourage people to buy hybrids and other vehicles that burn alternative fuels.
  • Private-equity firms use tax-deductible debt to buy public companies.
  • Small businesses don't tend to be able to use tax-havens, or offer jobs that leave workers still on welfare.
  • So they do a bit of sabre-rattling but mostly let their companies use tax havens to suit their needs.
  • They have no choice but to use tax revenue to lower the debt, otherwise a government default would be disastrous.
  • And that is where the use tax should apply to more closely level the playing field.
  • But he is bad for not wanting to use tax payer money to honor someone.
  • Efforts to generate awareness about the use tax should be stepped up, and compliance should be strengthened.
  • use tax can be thought of as a mirror of the sales tax.
Encyclopedia Article for use tax

levy on the use or possession of a commodity. Under the principle that the taxpayer should pay according to the benefits received from public services, a use tax is often levied on the user of a service, so that costs of the service are not borne by the general taxpayer. Common examples are motor-vehicle and boat licenses and user fees for airports or harbour-docking privileges. The revenue from the tax is generally used by a government to cover the costs of the maintenance and regulation of the services-in these instances, highways, waterways, and airports. In the United States a use tax is often levied by state or local governments on purchases made outside the jurisdiction and therefore not subject to the jurisdiction's retail sales tax. In this case the use tax is generally equal to the retail sales tax.

Learn more about use tax with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source

Word of the Day

Difficulty index for use tax

Few English speakers likely know this word

Word Value for use

3
4
Scrabble Words With Friends

Nearby words for use tax