A tax assessed and levied by a local authority such as a county or municipality. A local tax is usually collected in the form of property taxes, and is used to fund a wide range of civic services from garbage collection to sewer maintenance. The amount of local taxes may vary widely from one jurisdiction to the next. Also known as municipal tax.. Next Up.
LE BOURGET, France â With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change.
Kerry had compelling political reasons to take the $100 billion a year of climate money out of the text of the treaty. Though not in the treaty, the $100 billion a year â now pushed back to 2025 â survives as a formal decision of the Paris conference (paragraph 54 of the decision document).