excise

(redirected from Excise taxes)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
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 ?
Increasing excise tax on fuel is part of the DOF's first tax package, which also seeks to lower personal income tax, broaden the value-added tax base, adjust excise taxes on petroleum and automobiles, reduce the estate and donor's tax, and provide amnesty to past estate tax cases.
The town uses surplus excise taxes and state shared revenues for general fund operations.
The 'AA' rating on Jacksonville's excise taxes revenue bonds is based on sound debt service coverage from pledged revenues, solid legal provisions, and the general credit characteristics of the city of Jacksonville.
This article will analyze the various legislative and judicial directives concerning the excise taxes imposed on prohibited transactions; explain the computation of the taxes; define who is subject to the taxes and the types of transactions that may be prohibited; focus on three of the more common types of prohibited transactions between disqualified persons and qualified plans: (1) sales and exchanges of property (including a recent Supreme Court decision and its implications), (2) leasing of property and (3) loans; and provide planning opportunities for avoiding the prohibited transaction excise taxes.
In the case of tobacco excise taxes, Dulay said January collections amounted to P12.
government imposes excise taxes on a variety of liquid fuels.
The most common way governments have increased the price of cigarettes is by increasing cigarette excise taxes (1,2), which currently are imposed by all states and the District of Columbia (1).
5 billion in excise taxes from tanning salons during the next 10 years.
Department of the Treasury's Office of Tax Analysis's (OTA) estimates of excise tax amounts to be distributed to the AATF for the fourth quarter of fiscal year 2010, (5) adjustments to the AATF for tax on kerosene used in aviation during fiscal year 2010, and (6) the amount of net excise taxes distributed to the AATF during fiscal year 2010.
1,2) Excise taxes accounted for 3 percent of total receipts for the U.
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.
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.