noun
excise
A tax imposed on particular goods or activities.
The state collects an excise on every gallon of gasoline.
Etymology
Middle Dutch accijns meant a tax or duty. English adopted the fiscal word for charges on goods; its resemblance to excise meaning “cut out” does not provide the tax term’s historical explanation.
More examples
- A federal excise tax raises the price of cigarettes.
- The proposed excise applies to indoor tanning services.
- Lawmakers vote to increase excises on alcohol and tobacco.
Forms
excise · excises