Académique Documents
Professionnel Documents
Culture Documents
COMMON ABBREVIATIONS
AGI
AMT
AV
Assessed Valuation
CT
Corporation Tax
BIE
BOE
Board of Equalization
CPI
CCPI
DOF
Department of Finance
DMV
EDD
FTB
HOE
Homeowners' Exemption
IRA
IRC
215
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
IRS
MIC
NOL
OAL
PIT
R&D
R&TC
SDI
TI
Taxable Income
TPZ
UBI
UI
Unemployment Insurance
VLF
216
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
ACCELERATED WRITE-OFF
ACQUISITION VALUE
ADJUSTED GROSS
INCOME (AGI)
AD VALOREM
AD VALOREM
ASSESSMENT
217
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
AMORTIZATION
APPORTIONMENT
APPROPRIATION
APPROPRIATIONS LIMIT
ARTICLE XIIIA
ARTICLE XIIIB
218
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
ASSESSMENT ROLL
ASSESSMENT YEAR
AVERAGE DAILY
ATTENDANCE (ADA)
B
BASE
BASIS
219
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
BOARD OF EQUALIZATION
(BOE)
BONDING POWER
BRADLEY-BURNS
BROAD-BASED TAX
BUSINESS INVENTORIES
C
CALIFORNIA CONSUMER
PRICE INDEX (CCPI)
CAPITAL ASSET
CAPITAL EXPENDITURES
220
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
CAPITAL OUTLAY
CARRYOVER
CARRYBACK
CHANGE OF OWNERSHIP
CHECK-OFF
CONTRIBUTIONS
CLEAN-UP BILL
221
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
CONSUMPTION TAX
CORPORATE FRANCHISE
TAX
CREDIT
D
DEDUCTIONS
(AGI)
DEFERRAL
DEPENDENT
222
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
DEPRECIATION
DIRECT TAX
DEPARTMENT OF
FINANCE (DOF)
E
EARMARKED FUNDS
EARNED INCOME
EDUCATIONAL REVENUE
AUGMENTATION FUND
(ERAF)
223
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
ELASTICITY
EMPLOYMENT
DEVELOPMENT
DEPARTMENT (EDD)
EQUITY
ESTATE TAX
EXCISE TAX
EXCLUSION
EXEMPTIONS
F
FEDERAL CONFORMITY
224
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
FISCAL YEAR
FRANCHISE
G
GROSS INCOME
GROSS PREMIUMS
225
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
H
HEAD OF HOUSEHOLD
HIDDEN TAX
HOMEOWNERS' EXEMPTION
IMPACT
INCIDENCE
INCOME
INCOME TAX
INCREMENT
226
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
INFLATION
INHERITANCE TAX
IN-LIEU TAX
INTANGIBLE PROPERTY
INTERACTION
J
JOINT RETURN
JURISDICTIONAL CHANGE
227
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
L
LEVY
LICENSE TAX
LIEN
LIEN DATE
LOCAL ASSISTANCE
LUXURY TAX
M
MARGINAL TAX RATE
MARKET VALUE
MARRIAGE PENALTY
228
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
MINIMUM FRANCHISE
TAX
N
NET INCOME
NEW CONSTRUCTION
O
ORDINARY INCOME
P
PAYROLL TAX
PER CAPITA
PERSONAL PROPERTY
229
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
POSSESSORY INTEREST
PROGRESSIVE
PROPERTY TAX
PROPOSITION 4
PROPOSITION 13
PROPOSITION 62
230
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
constitutionality.
PROPOSITION 98
PROPOSITION 111
PROPOSITION 218
REGRESSIVE TAX
A tax that imposes a higher burden on lowerincome taxpayers than it does on higher-income
taxpayers. Opposite of "progressive".
RETURN PREMIUMS
REVENUE LIMIT
231
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
S
SALES TAX
SECURED ROLL
SEVERANCE TAX
SITUS
SPECIAL ASSESSMENT
SPECIAL TAX
SPILLOVER BENEFITS
SPLIT ROLL
STANDARD DEDUCTION
232
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
STATE ASSESSED
PROPERTY
S CORPORATIONS
SUBVENTION
SUPPLEMENTAL ROLL
SURPLUS
SURTAX
T
TANGIBLE PERSONAL
PROPERTY
TAX
233
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
TAX BASE
TAX BURDEN
TAX EXPENDITURE
TAX INCREMENT
FINANCING
TAX LEVY
TAX RATE
The ratio of the tax to the tax base. For property tax
purposes, the rate is applied to assessed value to
determine the amount of the tax. For income and
franchise tax purposes, the rate is applied to taxable
income to determine the amount of the tax.
TIDELANDS REVENUE
234
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
TIMBERLAND PRODUCTION
ZONE (TPZ)
U
UNITARY APPORTIONMENT
UNRELATED BUSINESS
INCOME (UBI)
UNSECURED ROLL
USE TAX
235
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
USER CHARGE
W
WAIVER (DISCLAIMER)
WATER'S-EDGE
COMBINATION
WELFARE EXEMPTION
WILLIAMSON ACT
236
CHAPTER 8
GLOSSARY OF TAX
TERMINOLOGY
Y
YIELD TAX
Z
ZERO BRACKET AMOUNT
(ZBA)
ZERO SUM
237