License taxes

{
  "id": "MLC-T-ECS-001062",
  "term": "License taxes",
  "field": "Economic statistics",
  "definition": "Taxes collected (either for revenue raising or for regulation) as a condition to the exercise of a business or nonbusiness privilege, at a flat rate or measured by such bases as capital stock, capital surplus, number of business units, or capacity.\n\nExcludes taxes measured directly by transactions, gross or net income, or value of property except those to which only nominal rates apply. License based on these latter measures, other than those at nominal rates, are classified according to the measure concerned. Includes fees related to licensing activities (automobile inspection, gasoline and oil inspection, professional examinations and licenses, etc.), as well as license taxes producing substantial revenue.",
  "subject": "Governments",
  "see_also": [
    "Statistics about Governments"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/license-taxes/"
}