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

Recent Examples on the Web
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The program is funded by a federal excise tax on firearms and ammunition and fees collected by the state for hunting licenses as part of its conservation fund, state officials said. Corey Kilgannon, New York Times, 29 Dec. 2024 Here's what to know A new tax when charging electric vehicles in Wisconsin Electric vehicle owners will see a new excise tax of 3 cents per kilowatt-hour of electricity, beginning Jan. 1. Hope Karnopp, Journal Sentinel, 26 Dec. 2024 One option is to re-direct funds from the federal excise tax on sports betting to address a growing public health concern. Matt Rybaltowski, Forbes, 18 Dec. 2024 The filing also discusses the potential impact of the 1% excise tax under the Inflation Reduction Act of 2022 on redemptions conducted after December 31, 2022. Quartz Bot, Quartz, 14 Nov. 2024 See all Example Sentences for excise tax 

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 20 Jan. 2025.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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