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 California will be the first U.S. state to charge an excise tax on guns and ammunition, starting in July. Topher L. McDougal, The Mercury News, 28 May 2024 Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition. Topher L. McDougal, The Conversation, 20 May 2024 Among the Senate’s limited Monday debates was one on a bill that would establish an 11% excise tax on guns, firearm accessories and ammunition. Hannah Gaskill, Baltimore Sun, 18 Mar. 2024 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

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.

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Cite this Entry

“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 6 Jun. 2024.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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