License fee

License fee,

Definition of License fee:

  1. A form of a use tax charged by various government entities for the granting of a license to conduct an activity, such as driving a car, operating a business, hunting, or practicing certain vocations. License fees are a significant source of revenue for state and local governments and are often imposed in lieu of taxes which require legislative approval.

  2. A fee paid to an organization for permission to own, use, or do something.

How to use License fee in a sentence?

  1. Street traders in Coventry could have their licence fees reduced by 75 per cent.

Meaning of License fee & License fee Definition