federal excise tax Meaning in the Cambridge English Dictionary
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Meaning of “federal excise tax” in the English Dictionary

"federal excise tax" in Business English

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federal excise taxnoun [C or U]

uk   us   GOVERNMENT, TAX
a ​taxpaid to the US ​government by ​manufacturers and ​distributors of ​goods such as ​fuel and tobacco: Members of ​Congress are exploring a ​reduction in federalexcisetaxrates on ​gasoline and diesel ​fuel.
(Definition of federal excise tax from the Cambridge Business English Dictionary © Cambridge University Press)
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