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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Recreational marijuana products get a 10% excise tax, which goes toward the state's social equity and jobs program, municipalities with dispensaries, a substance use fund and administrative costs. Haley Bemiller, The Enquirer, 10 Sep. 2024 The filing also discusses the impact of the Inflation Reduction Act of 2022, which imposes a 1% excise tax on certain stock repurchases. Quartz Intelligence Newsroom, Quartz, 23 Jan. 2025 The denunciation of companies buying back stock has even worked itself into tax policy, as there is now a 1% excise tax applied to the value of stock repurchased by a corporation. Richard Mansouri, Forbes, 14 Jan. 2025 The program is funded by a federal excise tax on firearms and ammunition and fees collected by the state for hunting licenses as part of its conservation fund, state officials said. Corey Kilgannon, New York Times, 29 Dec. 2024 See all Example Sentences for excise tax 

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 16 Feb. 2025.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!