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excise
(redirected from Excise taxes)

   Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.02 sec.

excise

Taxes imposed on goods, usually considered luxury items or those items quickly consumed. The taxes are paid prior to sale, the cost being passed on to the consumer.

Among the most common excise taxes in the US are those on cigarettes, gasoline, and alcohol.


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Requirements: Filers may determine the actual amount of refundable long-distance telephone excise taxes paid for the 41 months from March 2003-July 2006, or use a formula to figure their refunds.
A model "user pay-user benefit" program, BIG dollars come from excise taxes that recreational boaters pay on gasoline used in their boats.
Local pols realize that $42 million a year in car excise taxes cannot possibly fund the $2.
 
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