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 Adult-use cannabis sales would be subject to an 8% sales tax and an excise tax of 5%, with 30% of tax revenue generated by cannabis sales dedicated to a Cannabis Regulation Fund. A.j. Herrington, Forbes, 16 Sep. 2024 Its sales and excise tax burden ranks 37th, while the property tax burden is 23rd. David Lightman, Sacramento Bee, 25 June 2024 Funding was created from a separate tax law by adding a 75-cent excise tax to childhood vaccines for any disease the vaccine was intended to prevent. Gregory A. Poland, STAT, 14 Aug. 2024 Some Ohio lawmakers had attempted post-election to increase the excise tax to 15%, but the legislation stalled. Randy Tucker, The Enquirer, 6 Aug. 2024 See all Example Sentences for excise tax 

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 Sep. 2024.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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