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
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Trump’s One Big Beautiful Bill, passed in 2025, levied an excise tax on remittances. Idaho Statesman, 26 Mar. 2026 Cap-and-Invest adds about 24 cents to the price of a gallon of gasoline — not counting other state taxes and fees, plus the federal excise tax of 18 cents a gallon — that California drivers pay at the pump. Rob Nikolewski, San Diego Union-Tribune, 22 Mar. 2026 If approved by the Senate and signed into law, the temporary suspension would reduce the price drivers pay at the pump by removing the state's excise tax during the 60-day period. Dan Raby, CBS News, 19 Mar. 2026 Individuals applying for Social Security after age 65 should be aware that Medicare Part A may be backdated up to six months, and contributions made during that lookback period are subject to a 6% IRS excise tax per year until corrected. Allison Palmer, Sacbee.com, 6 Mar. 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 29 Mar. 2026.

Legal Definition

excise tax

noun
: excise
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