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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Tax collection: Licensees are required to collect and remit all applicable state and local sales taxes, as well as a $0.75 per gallon wine excise tax, a 6.5% state sales tax and a 3% liquor sales tax. Seth Eli Barlow, Arkansas Online, 13 May 2025 The first-term Democrat from Arlington sought to boost overall spending by 7.4% in part by applying the sales tax to candy purchases, imposing the room occupancy excise tax on complimentary hotel rooms, and subjecting synthetic nicotine to the tobacco excise tax. Chris Van Buskirk, Boston Herald, 6 May 2025 Penalties for payroll and excise tax deposits due between April 2 and April 17 will be waived if the deposits are made by April 17, the IRS said. Josh Hammer, MSNBC Newsweek, 15 Apr. 2025 Pressel previously testified in committee that the state has seen a decrease in road funding dollars, which comes from gas tax, BMV registration and excise tax, as cars become more fuel efficient and people purchase less gas. Alexandra Kukulka, Chicago Tribune, 11 Apr. 2025 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 21 May. 2025.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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