Classified Tax System Law and Legal Definition
Classified tax system refers to a tax system in which different rates are assessed against different types of taxed property. In a classified tax system, assessments are uniform and the only variation that is permitted is in the tax rates that apply broadly to entire classes of property. A state can provide a tax deduction directly by a lower rate through a classified tax system.
Legal Definition list
- Classified National Security Information
- Classified Loan
- Classified Information or Classified National Security Information
- Classified Information
- Classified Contract
- Classified Tax System
- Classroom-Based Instructional Reading Assessment [Education]
- Clause
- Clause of Accrual
- Clause Paramount
- Clause Potestative
