excise

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Related to Excise taxes: Excise duty

Excise

A tax imposed on the performance of an act, the engaging in an occupation, or the enjoyment of a privilege. A tax on the manufacture, sale, or use of goods or on the carrying on of an occupation or activity, or a tax on the transfer of property. In current usage the term has been extended to include various license fees and practically every internal revenue tax except the Income Tax (e.g., federal alcohol and tobacco excise taxes).

excise

n. a tax upon manufacture, sale, or for a business license or charter, as distinguished from a tax on real property, income or estates. Sometimes it is redundantly called an excise tax. (See: tax)

excise

noun assessment, capitation, charge, custom, demand, duty, exaction, exactment, fee, imposition, levy, liability, obligation, tariff, tax, taxation, toll
Associated concepts: direct tax, excise tax, fee, gift tax, license tax, privilege tax

excise

(Cut away), verb abscind, clip, cut, cut out, deduct, delete, detruncate, diminish, disjoin, dissever, eradicate, expunge, expurgate, extract, pare, pluck out, remove, separate, sever, subduct, subtract, take away, take out, tear out, thin, truncate, weed, withdraw

excise

(Levy a tax), verb appraise, assess, charge, charge duty, claim, collect, compel payment, demand, demand payment, demand toll, enforce payment, exact, force payment, impose a duty on, impost, lay a duty on, lay claim to, levy, levy an excise on, oblige, raise, require a tax, requisition, take, tax
Associated concepts: direct tax, franchise tax, gift tax, indiiect tax, privilege tax, succession tax
See also: assess, bowdlerize, cancel, delete, diminish, duty, expunge, imposition, levy, redact, reject, tariff, tax, toll

excise

originally taxes charged on the retail sale within the UK of commodities such as beer, wines and spirits. Nowadays, however, licences (e.g. permitting the use of a gun or dealing in game) are classified as excise. One of the most commonly prosecuted excise offences is contravention of the legislation which requires motorists to display a vehicle excise licence, known colloquially as a tax disc.
References in periodicals archive ?
CCAGW urges all members of the North Carolina House of Representatives to oppose any proposal that seeks to raise state excise taxes," said CCAGW President Tom Schatz.
The provisions relating to excise taxes apply with respect to liabilities imposed in periods beginning on or after January 1, 2008.
The pledged excise taxes are broad based, and there are also strong historical excise tax collections, debt service coverage, and additional bonds test.
While the excise taxes imposed on luxury items have since been repealed, the beer tax remains.
For only the second time in about 25 years, the town expects to collect less revenue, about $200,000, from excise taxes in fiscal 2007 than the previous year, Mr.
Categories: November 4, 2010, Accountability, Accounting procedures, Auditing procedures, Excise taxes, Financial analysis, Financial management, Fuel taxes, Funds management, Tax administration, Tax returns, Trust funds, Use taxes
government imposes excise taxes on a variety of liquid fuels.
Based on a compilation of IRS's quarterly certifications, OTA's estimations, and adjustments, the amount of net excise taxes that should have been distributed to the AATF in fiscal year 2010 was $10,612,953,000.
5 million in motor vehicle excise taxes in fiscal 2009, dropping to $11.
The regulations also affect certain excise taxes reported on Forms 720, Quarterly Federal Excise Tax Return, 730, Monthly Tax Return for Wagers, 2290, Heavy Highway Vehicle Use Tax Return, and 11-C, Occupational Tax and Registration Return for Wagering; excise tax refunds or payments claimed on Form 8849, Claim for Refund of Excise Tax; and excise tax registrations on Form 637, Application for Registration (For Certain Excise Tax Activities).
1,2) Excise taxes accounted for 3 percent of total receipts for the U.
The current process for submitting applications for refund/deduction of excise taxes for overpaid excise tax on fuel purchases (N15 claims) creates confusion and uncertainty for both end-users and fuel suppliers.