Tax Glossary - IGTax Ekuseru Indonesia

Tax Glossary IGTax

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There are currently 6 names in this directory beginning with the letter R.

R&D

Research and Development Credit

R&TC

Revenue and Taxation Code

REAL PROPERTY

The ownership of, claim to, possession of or right to the possession of land and permanently attached improvements, such as buildings. Does not include "personal property" such as furniture and equipment.

REGRESSIVE TAX

A tax that imposes a higher burden on lower-income taxpayers than it does on higher-income taxpayers. Opposite of "progressive".

RETURN PREMIUMS

Insurance premiums paid in part or in full by persons who have canceled their policy before its expiration date.

REVENUE LIMIT

A limit on the increase in the aggregate amount of revenue that can be raised from one year to the next. For school finance, this is a school district's income from state and local sources, exclusive of categorical aid.