excise tax

noun

: a tax on certain things that are made, sold, or used within a country : excise

Examples of excise tax in a Sentence

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Airlines are required under federal law to pay a 7.5% excise tax on air transportation. —

Lisa Hagen, Hartford Courant, 27 Nov. 2024 The report also notes the impact of the Inflation Reduction Act of 2022, which imposes a 1% excise tax on certain stock repurchases, potentially affecting the company's financial position. —

Quartz Bot, Quartz, 14 Nov. 2024 Colorado voters will also consider Proposition KK, which would create a 6.5% excise tax on firearms, firearm parts, and ammunition. —

Kelly Phillips Erb, Forbes, 29 Oct. 2024 The company continues to focus on consummating a business combination and managing its financial obligations, including compliance with the Inflation Reduction Act of 2022 and related excise tax liabilities. —

Quartz Bot, Quartz, 14 Nov. 2024 See all Example Sentences for excise tax