Examples of excise tax in a Sentence
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Additionally, the bill replaces the 1.4% excise tax on private college endowments with a tiered system, reaching up to 21% for endowments exceeding $2 million per student, and imposes a 21% tax on nonprofit organizations’ sale or licensing of names and logos, which could strain their budgets.
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Brian Menickella, Forbes.com, 22 May 2025
The payments, known as remittances, would be subject to a 5% excise tax that would encompass more than 40 million people, including green card holders and nonimmigrant visa holders, such as people on H-1B, H-2A and H-2B visas.
—Richard Escobedo, CBS News, 16 May 2025
House Republicans have included in President Donald Trump’s big priority bill a 5% excise tax on remittance transfers that would cover more than 40 million people, including green card holders and nonimmigrant visa holders, such as people on H-1B, H-2A and H-2B visas.
—Fatima Hussein, Chicago Tribune, 14 May 2025
Hikes excise tax on colleges: Those with endowments over $2 million per student would increase from 1.4% to 21%, targeting Ivy League schools.
—Lauren Peller, ABC News, 13 May 2025
See All Example Sentences for excise tax
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Brian Menickella, Forbes.com, 22 May 2025
The payments, known as remittances, would be subject to a 5% excise tax that would encompass more than 40 million people, including green card holders and nonimmigrant visa holders, such as people on H-1B, H-2A and H-2B visas.
—Richard Escobedo, CBS News, 16 May 2025
House Republicans have included in President Donald Trump’s big priority bill a 5% excise tax on remittance transfers that would cover more than 40 million people, including green card holders and nonimmigrant visa holders, such as people on H-1B, H-2A and H-2B visas.
—Fatima Hussein, Chicago Tribune, 14 May 2025
Hikes excise tax on colleges: Those with endowments over $2 million per student would increase from 1.4% to 21%, targeting Ivy League schools.
—Lauren Peller, ABC News, 13 May 2025
See All Example Sentences for excise tax
Cite this Entry
“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 30 May. 2025.
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