commutation of taxes

commutation of taxes. A tax exemption resulting from a taxpayer’s paying either a lump sum or a specific sum in lieu of an ad valorem tax. [Cases: Taxation 200. C.J.S. Taxation § 273.]

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词条贡献者

双语律师Jason，国内知名法学院国际贸易专业，擅长翻译各类与出口管制、经济制裁及海关相关的法律文件。