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TAXATION

Categories: Contracts

Definition (1910 Edition)

TAXABLE. Subject to taxation; Mable to be assessed, along with others, for a share in a tax. Persons subject to taxation are sometimes called “taxables;” .so property which may be assessed for taxation is said to be taxable.

streets, and constructing sewers in cities, and canals and ditches for the purpose of drainage in the country. ‘They are generally of peculiar local benefit. ‘These burdens have always, in every state, from its first settlement, been cha upon the localities benefited, and have been apportioned upon various principles; but, whatever pone of apportionment has been adopted, they have been known, both in the legislation and ordinary speech of the country, by the name of “assessments.” have also, very generally, if not always, been apportioned upon principles different from those adopted in “taxation,” in the ordinary sense of that term; and any one can see, upon a moment’s reflection, that the apportionment, to bear equally, and do substantial justice to all parties, must be made upon a different principle from that adopted in “taxation,” so called.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.