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ad valorem tax |
Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia, Hutchinson | 0.01 sec. |
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Ad valorem tax A type of tax calculated based on percentage of gross or stated value. For example, VAT.
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The Texas Court of Appeals
had previously held that the assessment of ad valorem property tax on
shipping containers used in international commerce owned by a domestic
corporation violated the Foreign Commerce Clause of the U. 2%, over the prior year period and the recognition of
$39,000 of franchise and ad valorem taxes associated with the equity of
the Company and the Association, respectively. 6
million limited ad valorem tax bonds, series 2006. |
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