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 Overall, California drops to fifth because its sales and excise tax burden ranks 37th and its property taxes come in at 23rd. Andrew Sheeler, Sacramento Bee, 8 Apr. 2024 However, in a situation that makes Mississippi State different from many state universities, its controller and treasurer’s office web site says the school gets its tax-exempt status in a way that also makes the school subject to the excise tax. Steve Berkowitz, USA TODAY, 18 Jan. 2024 Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, and Jan. 31, April 30 and July 31, 2024. Robert W. Wood, Forbes, 27 Mar. 2024 Detroit, which has 33 recreational marijuana dispensaries, will receive nearly $2 million in revenue collected from the 10% recreational marijuana excise tax, the most of any city. Detroit Free Press, 29 Feb. 2024 In court, the organization argues that property is not a good or service subject to an excise tax under state law. Tribune News Service, Orange County Register, 15 Feb. 2024 Also, penalties for failing to make payroll and excise tax deposits due on or after Jan. 21, 2024, and before Feb. 5, 2024, will be abated as long as the deposits were made by Feb. 5, 2024. Robert W. Wood, Forbes, 28 Feb. 2024 California generated more than $621 million in excise tax in 2023 and over $461 million in sales tax, according to available data. Nathan Solis, Los Angeles Times, 27 Feb. 2024 Besides the rent bill, lawmakers are weighing a tax on real estate transactions over $3 million and an excise tax of up to 10 percent on short-term rentals like Airbnb units. David W. Chen, New York Times, 23 Feb. 2024

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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 26 Apr. 2024.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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