pollution tax definition
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Pollution tax means one who pollutes must pay for it Concept of pollution tax. All such measures are compensatory in nature and it is not called pollution tax. The concept of pollution tax is something different. It entails that instead of doing offsetting work by yourself wherever you hurt environment either willfully or without any intention you have to pay for it.
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Excise tax Excise tax is a flat-rate tax that applies to specific goods, services, and activities. In the U.S., goods like alcohol and services like indoor tanning are assessed an excise tax, which applies to each unit or occurrence regardless of its cost.
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Corporate tax Corporate tax. A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels.
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- Excise Tax defined and explained with examples. Excise tax is a tax on certain things that are made, sold, or used within a country.
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Oil Pollution Act of 1990 Definition. A law enacted in 1990 by the U.S. ruling civil liability for removal costs or damages as a result of oil spills in waters of the United States caused by tank vessels or facilities used to explore, drill, produce, store, process, or transport oil.This definition includes motor vehicles, rolling stocks, and pipelines.he law also established provisions related to oil spill prevention, emergency response and cleanup efforts in the event of spills. The Oil Pollution Act of 1990 limits the liability of companies for the economic damages caused by oil spills at 75 million dollars.
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US History Unit 1 Define protective tariff & excise tax. Protective tariff: A duty imposed on imports to raise their price. Excise tax: An inland tax on the sale, or production of sale, of specific goods.
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- Tax definition, a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. See more.
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tax burden tax burden. the total amount of TAXATION paid by the citizens of a country in the form of INCOME TAX, CORPORATION TAX, VALUE-ADDED TAX, etc. tax burden. the total amount of TAXATION paid by the citizens of a country in the form of income tax, corporation tax, value-added tax, etc. The total amount of tax as a proportion of GROSS NATIONAL PRODUCT gives some indication of the overall tax burden.
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Nonpoint Source Pollution Click on image for larger view. The U.S. Environmental Protection Agency (EPA) defines point source pollution as “any single identifiable source of pollution from which pollutants are discharged, such as a pipe, ditch, ship or factory smokestack” (Hill, 1997).Factories and sewage treatment plants are two common types of point sources.lick on image for larger view. The U.S. Environmental Protection Agency (EPA) defines point source pollution as “any single identifiable source of pollution from which pollutants are discharged, such as a pipe, ditch, ship or factory smokestack” (Hill, 1997).
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DEFINITION of 'Gas Guzzler Tax' DEFINITION of 'Gas Guzzler Tax'. An additional tax on the sale of vehicles that have poor fuel economy. The Energy Tax Act of 1978 established the gas guzzler tax and was designed to encourage the production and use of more fuel efficient vehicles. The gas guzzler tax is administered to passenger cars, trucks, minivans and SUVs.
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What is the definition of water pollution? Definition of water pollution? Water pollution is the presence of any material in the water that is harmful to plants or animals, or affects its taste and odor, or detracts from any use that can be made of …it.
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pollution Examples of POLLUTION. 1  industrial practices that have caused pollution of the air and water. 2  The tests showed high levels of pollution in the water. 3  The fish are dying of pollution.ull Definition of POLLUTION. 1. : the action of polluting especially by environmental contamination with man-made waste; also: the condition of being polluted.
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-  Pollution is the introduction of contaminants into the natural  environment that causes adverse changes. Pollution occurs when any  form of impurity is introduced into a … clean source. It is most  often used in an environmental concept like air or water pollution.
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- Act 451 of 1994, hereinafter referred to as Part 59, tax exemptions for air pollution control. are available through an application separate from the permit to install application.
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Excise Tax Definition of Excise Tax. Noun. A tax on certain things that are made, sold, or used within a country. A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars. Origin . 17th century England. What is Excise Tax. In the United States, excise taxes are levied at the federal, state, and local levels of government.
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Tax A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or a legal entity) by a state or the functional equivalent of a state in order to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is punishable by law.
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- penalty tax. Definition. Local or federal punitive tax applied to deter non-compliance, such as underpayment of income tax or disregard of the rules governing a business activity. Related Terms. 401(k) plan. excess accumulation.
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gross production tax gross production tax. A tax that is levied by certain states on companies that operate in the mining and drilling field. This tax is placed on the value of each unit that is mined or drilled by these companies. These gross production taxes are typically deductible from the companies' federal taxes. immediate famil...
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tax A fee charged (levied) by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure.
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- Oil Pollution Act of 1990. A law enacted in 1990 by the U.S. ruling civil liability for removal costs or damages as a result of oil spills in waters of the United States caused by tank vessels or facilities used to explore, drill, produce, store, process, or transport oil.This definition includes motor vehicles, rolling stocks, and pipelines.he law also established provisions related to oil spill prevention, emergency response and cleanup efforts in the event of spills. The Oil Pollution Act of 1990 limits the liability of companies for the economic damages caused by oil spills at 75 million dollars.
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pollution pollution. n. 1. the act of polluting or the state of being polluted. 2. (Environmental Science) harmful or poisonous substances introduced into an environment.
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Pollution tax means one who pollutes must pay for it Pollution tax! Please don’t impose it, as we are already overloaded by host of taxes and duties how come we pay another tax. It is common reaction if we tell someone who is gone be taxed for another reason. Just kidding, it’s not a tax for all.
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Corporate tax An aspect of fiscal policy. A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax. Partnerships are generally not taxed at the entity level. A country's corporate tax may apply to: corporations incorporated in the country, corporat
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- Part 59 provides for the exemption of air pollution control facilities from sales, use and. property taxes (equipment installed prior to the effective date of Part 59 is eligible for tax. exemption).
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- Emissions trading or cap and trade (cap meaning a legal limit on the quantity of a certain type of chemical an economy can emit each year) is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.he limit or cap is allocated and/or sold by the central authority to firms in the form of emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant. Permits (and possibly also derivatives of permits) can then be traded on secondary markets.
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tax tax. 1  a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. 2  a burdensome charge, obligation, duty, or demand.