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.]

---

词条贡献者

译者Anne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与投资顾问法联邦及地方注册相关的法律文件。