levy
n. countable C1 Advanced US //ˈɫɛvi// UK //lˈɛvi// levy
n. an official amount of money you must pay to a government or organization. It is usually a tax or a fee for a specific purpose.
n. the imposition or collection of an assessment, tax, or fine by a legal authority. Often refers to the specific sum of money demanded.
The government plans to introduce a new levy on plastic bags.
Local businesses are protesting the proposed levy intended to fund the city's new public transport system.
The legislative body debated whether a temporary levy on high-income earners would suffice to bridge the budget deficit without discouraging long-term investment.
Usage
Commonly used with the preposition 'on' to indicate the target of the tax.