license tax

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Definitions from WordNet

Noun license tax has 1 sense

licensing fee, license fee, license tax - a fee paid to the government for the privilege of being licensed to do something (as selling liquor or practicing medicine)
--₁ is a kind of fee

Definitions from the Web

License Tax

Description:

A license tax refers to a fee or levy imposed by a government agency on individuals or businesses in order to grant them a license or permit to engage in certain activities, operate specific businesses, or possess certain items. This tax is generally collected annually or periodically as per the regulations set by the respective jurisdiction.

Sample Sentences:

The city council increased the license tax for food trucks operating within city limits.
Before starting the business, he paid the necessary license tax to legally operate a pharmacy.
She couldn't renew her driver's license as she had outstanding license tax payments.
The license tax on tobacco products was raised in an effort to reduce smoking rates.

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