Levyforfall
Levyforfall is a term used in public finance to denote the scheduled expiration or cessation of a levy or tax, typically defined by a sunset clause or reform framework. It describes a point in time when the levy is due to end unless renewed, amended, or replaced by another measure.
Etymology and scope: The term combines levy, the act of imposing a tax, with fall in the
Definitions and variants: In some formulations, Levyforfall triggers a formal review of revenue sufficiency and public
Policy implications: Proponents view Levyforfall as a tool for fiscal discipline and accountability, ensuring regular scrutiny
Operational considerations: Effective use of Levyforfall requires clear legislative language, transparent renewal procedures, and reliable forecasting
See also: Sunset clause; Tax levy; Fiscal policy; Public finance.