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 Democratic state lawmakers want voters to approve Proposition KK to create a new excise tax on firearms and ammunition, generating $39 million for mental health services. John Frank, Axios, 17 Oct. 2024 Colorado voters will decide on a measure that, if passed, would levy a 6.5% excise tax on the manufacture and sale of firearms and ammunition. Ivan Pereira, ABC News, 12 Oct. 2024 Unlike a visa fee or general excise tax, this charge is specifically aimed at addressing climate change. Kathleen Wong, USA TODAY, 7 Oct. 2024 The cannabis sector carries among the harshest tax burdens once local and state taxes are levied: Dozens of states levy one type or another of excise tax on adult-use cannabis purchases. Benjamin Adams, Forbes, 19 Sep. 2024 See all Example Sentences for excise tax 

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Cite this Entry

“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 31 Oct. 2024.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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