EXCISE Definition Meaning - Merriam-Webster The meaning of EXCISE is an internal tax levied on the manufacture, sale, or consumption of a commodity How to use excise in a sentence Did you know?
Food Beverage Tax | Newport News, VA - Official Website The City of Newport News charges a tax on all food and beverages, including alcoholic beverages, sold in or from a food establishment, whether prepared or consumed in the food establishment or not, and whether consumed on the premises of the food establishment or not
Excise tax - Internal Revenue Service Excise taxes are taxes imposed on certain goods, services, and activities Taxpayers include importers, manufacturers, retailers, and consumers, and vary depending on the specific tax
Excise Tax: What It Is and How It Works, With Examples What Is an Excise Tax? An excise tax is a specific type of tax that is levied on certain goods or services at the time of their purchase Unlike international taxes, excise taxes are applied
Excise tax in the United States - Wikipedia Excise tax in the United States is an indirect tax on listed items Excise taxes can be and are made by federal, state, and local governments and are not uniform throughout the United States Certain goods, such as gasoline, diesel fuel, alcohol, and tobacco products, are taxed by multiple governments simultaneously [1]
Excise tax: What it is and how it works - Bankrate An excise tax is a tax on the purchase of a specific good or service, such as alcohol, cigarettes, gambling, and more Some excise taxes are imposed by the federal government, while others are
excise tax | Wex | US Law | LII Legal Information Institute Excise Tax is a tax on a specific item, belonging to a special class of items The classes of items are frequently specialty or luxury items, such as tobacco, fuel, and alcohol Such taxes may be imposed on the manufacturer, retailer, or consumer, depending on the specific tax
What is Excise Tax and How Does it Differ from Sales Tax? One tax in particular that affects the consumption of specific goods is the excise tax – a very specific, often very targeted tax that you pay sometimes without realizing it How is an Excise Tax Different from a Sales Tax? Comparing excise tax vs sales tax results in two key points First, an excise is only on specific goods