luxury tax

luxury tax An excise tax imposed on high-priced items that are not deemed necessities (such as cars costing more than a specified amount). Cf. sin tax. [Cases: Taxation 1201.1¨C1345. C.J.S. Indians ¡ì 131; Steam¡ì 4; Taxation ¡ì¡ì 1990¨C2071.] How many interpretations of the term luxury tax are there in Chinese?