The phrase "act of levying" is correct and usable in written English.
It can be used in legal or financial contexts, particularly when discussing the imposition of a tax, fee, or charge.
Example: "The act of levying a new tax on luxury goods has sparked widespread debate among consumers and lawmakers."
Alternatives: "imposition of" or "process of imposing".
The Revenue Act of 1862, levied to finance the Civil War, allowed taxpayers to deduct local taxes from their federal tax burden.
The measure would curtail the president's authority under Section 232 of the Trade Expansion Act of 1962 to levy tariffs based on "national security grounds" ― a provision Trump has invoked several times.
He also signed in August of that year the Immigration Act of 1882, which levied a 50-cent tax on immigrants to the United States, and excluded from entry the mentally ill, the intellectually disabled, criminals, or any other person potentially dependent upon public assistance.
The Senate has passed a bill dedicating 80 percent of any future Clean Water Act penalties levied against BP to restoration of the gulf.
The RESTORE the Gulf Act of 2011 (S. 1400) also calls for funneling up to 80% of any Clean Water Act fines levied for the Deepwater Horizon oil spill into environmental and economic restoration along the Gulf Coast.
It requires 80% of any Clean Water Act fines levied for the Deepwater Horizon spill to go to states along the Gulf of Mexico for economic and ecological restoration projects.
Repealing the ACA would take an act of Congress, as would levying some types of tariffs on corporations that move operations overseas, ending regulations that limit pollution and coal production, getting rid of gun-free school zones, and renegotiating the Iran nuclear deal.
And last month, a group of Republican lawmakers even introduced a House bill called the "Unmask Antifa Act of 2018," which would levy a fine or a prison sentence of up to 15 years for anyone caught "wearing a mask" and engaging in activities associated with antifa.
The Affordable Care Act levied a 40% excise tax on the cost of employment-based health benefits that exceeds certain thresholds.
4. By the act of July 13 , 1866 a tax was levied upon the 'gains and profits' of any business or trade carried on in the United States by 'persons residing without the United States, not citizens thereof.' Id. 138.
