floor tax

A tax imposed on distilled spirits stored in a warehouse. [Cases: Internal Revenue 4314. C.J.S. Internal Revenue § 597.]

floor tax 〈美〉最低税根据国会立法对已缴纳国内税的无论在国内生产或进口的酒类和烟草制品，在销售或为销售而加工时征收的税。