excise tax


: a tax on certain things that are made, sold, or used within a country : excise

Example Sentences

Recent Examples on the Web Analyzed were sales and excise tax, property tax and income tax. By Andrew Powell | The Center Square Contributor, Washington Examiner, 2 Apr. 2023 Wagers placed at tracks would have an excise tax of 9.75% and online wagers a rate of 14.25%. Joe Sonka, The Courier-Journal, 31 Mar. 2023 The excise tax would be used to help fund local municipalities, the court system, public schools, substance abuse treatment and the state’s general revenue fund. Sean Murphy, Anchorage Daily News, 8 Mar. 2023 The 1 percent excise tax is new. Timothy Noah, The New Republic, 7 Mar. 2023 At 1%, the excise tax is a consideration, but not a very large part of any decision on buybacks, according to Mr. Michels. Jennifer Williams-alvarez, WSJ, 2 Mar. 2023 The 224 municipalities and counties that have recreational marijuana dispensaries or microbusinesses will split a piece of the revenue collected from the 10% adult-use marijuana excise tax, with each receiving about $52,000 for every licensed retail store and microbusiness. Adrienne Roberts, Detroit Free Press, 28 Feb. 2023 Marijuana money could help local communities The governor wants to create a segregated fund and send all excise tax revenue generated from the legalization of recreational and medicinal marijuana to counties to support their mental health and substance use disorder services. Corrinne Hess, Journal Sentinel, 15 Feb. 2023 See More

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Dictionary Entries Near excise tax

Cite this Entry

“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 10 Jun. 2023.

Legal Definition

excise tax

: excise
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