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Examples of excise tax in a Sentence
Recent Examples on the Web
If approved, the IRS would impose a 20% excise tax on donations that provide significant benefit to the donor, among other changes.
—Stephanie Beasley, Fortune, 8 May 2024
California has a 15% excise tax on weed sales, which is paid by consumers and remitted by retailers.
—Gillian Brassil, Sacramento Bee, 3 May 2024
On top of that, local governments can levy an excise tax on marijuana companies, per the nonpartisan Tax Policy Center in Washington, D.C.
—Gillian Brassil, Sacramento Bee, 3 May 2024
Overall, California drops to fifth because its sales and excise tax burden ranks 37th and its property taxes come in at 23rd.
—Andrew Sheeler, Sacramento Bee, 8 Apr. 2024
However, in a situation that makes Mississippi State different from many state universities, its controller and treasurer’s office web site says the school gets its tax-exempt status in a way that also makes the school subject to the excise tax.
—Steve Berkowitz, USA TODAY, 18 Jan. 2024
Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, and Jan. 31, April 30 and July 31, 2024.
—Robert W. Wood, Forbes, 27 Mar. 2024
Detroit, which has 33 recreational marijuana dispensaries, will receive nearly $2 million in revenue collected from the 10% recreational marijuana excise tax, the most of any city.
—Detroit Free Press, 29 Feb. 2024
In court, the organization argues that property is not a good or service subject to an excise tax under state law.
—Tribune News Service, Orange County Register, 15 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'excise tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near excise tax
Cite this Entry
“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 23 May. 2024.
Legal Definition
excise tax
noun
: excise
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