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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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 Here's what to know A new tax when charging electric vehicles in Wisconsin Electric vehicle owners will see a new excise tax of 3 cents per kilowatt-hour of electricity, beginning Jan. 1. Hope Karnopp, Journal Sentinel, 26 Dec. 2024 See all Example Sentences for excise tax 

Dictionary Entries Near excise tax

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“Excise tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/excise%20tax. Accessed 31 Jan. 2025.

Legal Definition

excise tax

noun
: excise
Last Updated: - Updated example sentences
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