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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Additionally, sole proprietors or single-member limited liability companies that file taxes using Schedule C (on a 1040) and don’t have employees or owe excise tax do not need an EIN. Kelly Phillips Erb, Forbes.com, 6 June 2025 Removing gun silencer tax: The bill would end the $200 excise tax imposed on the purchase or transfer of silencers and eliminate registration. Jay O'Brien, ABC News, 5 June 2025 Though the bill initially would have subjected individuals to a 5% excise tax, the managers amendment, which contained the updates to the bill, lowered the tax to 3.5%. Caitlin Yilek, CBS News, 22 May 2025 One proposal calls for repealing the excise tax on indoor tanning services, which was originally implemented to help fund the ACA and discourage the use of indoor tanning. Martha McHardy, MSNBC Newsweek, 16 May 2025 See All Example Sentences for excise tax

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“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 12 Jun. 2025.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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