excise tax

1. A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars.

Example Sentences

Pantheon Macro estimates the U.S. has collected $34 billion this month in customs and excise tax—on track to $400 billion over a year in tariff revenue.

Read more on Barron's

This is underscored by weaker-than-expected customs and excise taxes collected by the U.S.

Read more on The Wall Street Journal

The Legislature also voted to claw back an increase to the cannabis excise tax, which took effect in July and raised the state tax rate paid by consumers to 19%.

Read more on Los Angeles Times

In 2022, when the cannabis industry agreed to increase the excise tax, quarterly cannabis sales were at their peak.

Read more on Los Angeles Times

Congress could increase the excise tax on vaccines, she said, or pass a law limiting what’s on the injury table.

Read more on Salon