ad valorem tax


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ad valorem tax

[¦ad və¦lȯr·əm ′taks]
(petroleum engineering)
Property tax for oil-producing properties, assessed at a flat rate for each net barrel of oil produced.
References in periodicals archive ?
TRANs are payable from ad valorem taxes, sales and use taxes, franchise charges and fees, and certain other general fund revenues (remaining after legally required deductions of amounts for payments of bonded indebtedness and other obligations of the city, or payment to any special fund or special trust fund).
The issue before the court in both Accardo and 1108 Ariola was whether the particular circumstances of the lessee's interest in the underlying properties gave rise to ad valorem tax liability under the equitable ownership doctrine.
The (Nash) equilibrium price and quantity under the ad valorem tax t are, respectively,
(6) States that provide at least one or more types of ad valorem tax incentives for new and expanded businesses include Alabama, Arizona, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Wisconsin, and Wyoming.
Note that in the ad valorem tax model, [Beta] is less than 1 if the total revenue function is strictly concave with respect to L holding K constant.
From (10) we see that if there are no extraction costs then a constant ad valorem tax combined with the increase in the producer price because of the exhaustion constraint would precisely bring about the third of the factors discussed above, and so it would effectively only be the first two effects that would govern the behaviour of the ad valorem tax.
The panel, by a 43-0 vote, on Tuesday adopted for plenary consideration the bill, which seeks to give distilled spirits, fermented liquors, and wines an ad valorem tax on top of a specific tax depending on the volume per category of alcoholic beverage.
Currently, RA 10351 is imposing distilled spirits a P22.40 specific tax and an ad valorem tax of 20 percent.
The Oklahoma Manufacturer's Ad Valorem Tax Exemption would help lure business and industry to the Sooner State.
The city adopted an ad valorem tax rate of 8.65 mills for fiscal 2018, which is viewed as high by Fitch and leaves only moderate capacity within the maximum statutory 10 mill limit.
Under the DOF proposal, the present ad valorem tax of 20 percent on distilled spirits will increase to 25 percent beginning 2020, while its specific tax per proof liter will rise to P40.
It is clear that for a finance ministry, a specific excise duty (applied to each cigarette pack) is preferable to an ad valorem tax because they are easier to administer, have a well-defined tax base that is quantifiable through past usage trends and generate higher and more predictable tax revenue.