Stamp Tax (Noun)
Meaning
A tax collected by requiring a stamp to be purchased and attached (usually on documents or publications).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government introduced a stamp tax on newspapers to regulate their publication and circulation.
- Historically, a stamp tax was levied on certain documents such as wills and deeds.
- To authenticate a property deed, one must pay a stamp tax and attach the official stamp to the document.
- During the colonial era, a stamp tax was imposed by the British government on the American colonies, which contributed to the growing unrest among the colonists.
- A portion of the revenue generated from the stamp tax is used to fund local community development projects.