tax base

tax base definition - business

tax base

The resources that are available for taxation. For example, the tax base for many counties that level a property tax is the value of property in the county subject to taxation. An evaluation of the tax base is of particular importance in certain municipal bond issues secured by tax revenues.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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