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Examples of excise tax in a Sentence
Recent Examples on the Web
California will be the first U.S. state to charge an excise tax on guns and ammunition, starting in July.
—Topher L. McDougal, The Mercury News, 28 May 2024
Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition.
—Topher L. McDougal, The Conversation, 20 May 2024
Among the Senate’s limited Monday debates was one on a bill that would establish an 11% excise tax on guns, firearm accessories and ammunition.
—Hannah Gaskill, Baltimore Sun, 18 Mar. 2024
If approved, the IRS would impose a 20% excise tax on donations that provide significant benefit to the donor, among other changes.
—Stephanie Beasley, Fortune, 8 May 2024
California has a 15% excise tax on weed sales, which is paid by consumers and remitted by retailers.
—Gillian Brassil, Sacramento Bee, 3 May 2024
On top of that, local governments can levy an excise tax on marijuana companies, per the nonpartisan Tax Policy Center in Washington, D.C.
—Gillian Brassil, Sacramento Bee, 3 May 2024
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
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'excise tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 10 Jun. 2024.
Legal Definition
excise tax
noun
: excise
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