stamp tax

noun

Definition of stamp tax

: a tax collected by means of a stamp purchased and affixed (as to a deck of playing cards) specifically : such a tax on a document (such as a deed or promissory note)

called also stamp duty

Examples of stamp tax in a Sentence

Recent Examples on the Web India’s citizens paid a special stamp tax for a number of years to cover the expenses. WSJ, "India Helped Bangladesh to Its Independence," 1 Apr. 2021 Also, chatter that the Mainland stamp tax (which only applies to sales) might be cut lead to brokers rallying. Brendan Ahern, Forbes, "Buy The Dip & Bank RRR Cut Speculation Lead To Spectacular Day For China Equities," 3 Mar. 2021 After last week’s taper tantrum sell-off, Hong Kong was off as authorities said the Hong Kong stamp tax will not be expanded. Brendan Ahern, Forbes, "China Bank Regulator Warns Of Foreign Equity Bubbles," 2 Mar. 2021 The stamp tax was a significant negative catalyst for the market in general and Hong Kong Exchanges’ stock in particular, which fell -8.78% despite reporting strong earnings today. Brendan Ahern, Forbes, "No Place To Hide As Pullback Continues In China," 24 Feb. 2021 The stamp tax, collected within the colonies, was internal. William Hogeland, The New Republic, "Against the Consensus Approach to History," 25 Jan. 2021 That came as Florida voters in 2014 approved an amendment to the state Constitution that requires 33% of documentary-stamp tax revenues collected on real estate transactions to go into what is known as the Land Acquisition Trust Fund. Jim Turner, sun-sentinel.com, "Florida’s GOP leaders may create long-range plan to fight rising seas," 1 Dec. 2020 State and county programs often rely on a pool of documentary stamp tax money that Florida legislators have raided for years for other purposes. Kate Santich, orlandosentinel.com, "New down-payment grants aimed at helping Orlando-area renters become home buyers," 21 June 2019 The state increased what’s known as the documentary stamp tax on sales a quarter century ago. Mary Shanklin, OrlandoSentinel.com, "Florida affordable housing funds likely to get shifted," 28 Apr. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'stamp tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of stamp tax

1764, in the meaning defined above

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Time Traveler for stamp tax

Time Traveler

The first known use of stamp tax was in 1764

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Statistics for stamp tax

Last Updated

7 Apr 2021

Cite this Entry

“Stamp tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/stamp%20tax. Accessed 12 May. 2021.

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More Definitions for stamp tax

stamp tax

noun

Legal Definition of stamp tax

: a tax collected by means of a stamp purchased and affixed (as to a deed)

Comments on stamp tax

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