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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Possible measures include price controls, higher subsidies, fuel excise tax cuts, and lower import tariffs on crude oil and refined products. Anniek Bao, CNBC, 4 Mar. 2026 The downturn has been sharper in the medical marijuana market, which is exempt from the state's 10% excise tax and 24% wholesale tax. CBS News, 4 Mar. 2026 The notice effectively alerts remittance transfer providers that their excise tax reporting will appear on Form 720. Carrie Brandon Elliot, Forbes.com, 20 Jan. 2026 The gambling industry doesn’t like the excise tax to begin with, but it’s been in place for more than seventy years and likely isn’t going anywhere. Vanity Fair, 12 Jan. 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 9 Mar. 2026.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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