sponge tax

短语

词形变化

sponge taxes 复数 sponge taxes

释义与例句

n.
  1. 1.

    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.

    美国 历史 法律

    Following various versions of the Massachusetts estate tax in response to the changes in the Internal Revenue Code, in 2002, the Legislature amended § 2A to use a "sponge tax" calculation based upon the Federal credit for State death taxes that would have been allowable to a decedent's estate in 2000.