Tax Statute
/ˈtæks ˈstætʃuːt/
Definitions
- (n.) A law enacted by a legislative body that defines tax obligations, rates, and procedures.
The tax statute requires all businesses to file annual income tax returns.
Forms
- tax statutes
Related terms
See also
Commentary
Tax statutes often form the foundation of tax law, and precise wording is crucial to ensure clear tax obligations and avoid litigation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.