Examples of Tax cap in a sentence
In Wales the Welsh Government must define any Council Tax cap, at the time of writing this report, they have not done so.
The Council Tax cap, currently 2%, means that any local authority in England that wishes to raise council tax by more than 2% above the previous year must consult the public in a referendum.
Local Government Article of the Annotated Code of Maryland to increase the St. Mary’s County Public Accommodations Tax cap (requested by Commissioner President Randy Guy).
Tax cap filing: Ed reported he has filed the electronic form with New York State.
Half the members of the Committee, including the Chair, had outstanding concerns about whether increasing Council tax by the full 15% was the only option, especially when other local authorities given permission to exceed the Council Tax cap would not be setting rates this high.
He found that:[I]n years when the PURA Tax cap is exceeded, e.g. every year to date, a utility’s tax burden is dependent more on its proportional share of tax payments, considering the rest of the utilities, than it is on changes in its own kWh deliveries.
Tax cap legislation is set to renew and will challenge the District’s levy abilities.
There are no changes proposed to this tax cap or to the £50,000 tax cap introduced from 1 January 2016 for residents of Alderney, provided that they have never previously claimed the Income Tax cap, and available for an initial period of ten years.
The tax levy increase of 3.42% is below the NYS Property Tax cap limit for 2021-22.
The current economic climate, current low levels of inflation, public expectations and the anticipated impact of Government pronouncements lead us to believe that Government may impose a Council Tax cap below the 5% level and perhaps as low as 2%.