Taxing Power Law and Legal Definition

Taxing power means the power granted to a governmental body to levy and collect taxes. It is used as a means of accomplishing Congress’s delegated powers. In Devereaux v. Brownsville, 29 F. 742 (U.S. Court of Appeals 1887), the court observed that “Once granted the taxing power to a body of people incorporated for local government, as a part of the remedy given to holders of its bonds authorized by law, and it remains with them until the debt is paid, and may be exercised as long as any machinery of local government is provided for them.”