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 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 The money comes from revenue generated by doc stamp taxes, which is the tax assessed on documents such as real estate titles. Larry Barszewski, Sun-Sentinel.com, "Most South Florida renters take on more than they can afford," 17 Apr. 2018 Anyone who purchases real estate in Florida pays a documentary stamp tax on the transaction, a portion of which is earmarked for trust funds to develop affordable housing. Mary Ellen Klas, miamiherald, "Will there be another raid on affordable housing funds? House says yes.," 2 Feb. 2018 The documentary-stamp tax is expected to generate $862.2 million next fiscal year for a trust fund used to carry out the amendment, according to an August estimate by state economists. Sun-Sentinel.com, "Gov. Scott calls for more money for Florida's environment," 23 Oct. 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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Cite this Entry

“Stamp tax.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/stamp%20tax. Accessed 22 November 2019.

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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)

More from Merriam-Webster on stamp tax

Rhyming Dictionary: Words that rhyme with stamp tax

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