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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Extensive fraud in sales transaction reporting likely means the state has lost out on millions of dollars in marijuana excise tax revenue while businesses that follow the law have paid more than their fair share, industry insiders claim. Christopher Osher, ProPublica, 15 May 2026 Now with the price of a gallon of gasoline challenging affordability for residents, Pritzker can’t think outside the box and defer the excise tax that his Springfield politicians recklessly passed into law, which is in addition to the federal tax. Chicago Tribune, 13 May 2026 Last week, Indiana's governor announced the suspension of the state's gasoline excise tax, which is 36 cents a gallon. Shardaa Gray, CBS News, 11 May 2026 The federal fuel excise tax gasoline and diesel will be temporarily suspended starting Monday, Carney’s office said. Phil Helsel, NBC news, 14 Apr. 2026 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 20 May. 2026.

Legal Definition

excise tax

noun
: excise
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