Princeton's WordNet(1.00 / 1 vote)Rate this definition: 1  word(noun) a unit of language that native speakers can identify. words are the blocks from which sentences are made; he hardly said ten words all morning. 2  word(noun) a brief statement. he didn't say a word about it.
An aspect of fiscal policy. A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow (or require) the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
Local use tax. Local use tax applies when you buy items or services. for use, storage, distribution or consumption in the lo-. cal area without paying local sales tax to the seller. Use. tax is similar to the sales tax and the rates are identical. It is based on your cost of taxable purchases. Common.