stamp tax

noun

: 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 As part of the resiliency effort, lawmakers agreed to divvy up more than $400 million in documentary-stamp tax dollars, which are collected on real estate transactions and in the past have been targeted toward what is known as the Sadowski Trust Fund for affordable housing. Jim Turner, sun-sentinel.com, 12 May 2021 There was also chatter about Mainland China decreasing its stamp tax, which led to a rally in financial stocks led by brokers. Brendan Ahern, Forbes, 4 June 2021 Remember that Hong Kong just raised its stamp tax by 30% beginning in August to 13 basis points on buys and sells from 10 basis points today. Brendan Ahern, Forbes, 18 Mar. 2021 The bill would direct $200 million in documentary-stamp tax money to affordable housing, with $111.7 million going to efforts to combat sea-level rise and $111.7 million going to sewage treatment projects. Jim Turner, orlandosentinel.com, 5 May 2021 India’s citizens paid a special stamp tax for a number of years to cover the expenses. WSJ, 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, 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, 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, 24 Feb. 2021 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'stamp tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1764, in the meaning defined above

Time Traveler
The first known use of stamp tax was in 1764

Dictionary Entries Near stamp tax

Cite this Entry

“Stamp tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/stamp%20tax. Accessed 23 Feb. 2024.

Legal Definition

stamp tax

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