Meaning of “federal excise tax” in the English Dictionary

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"federal excise tax" in Business English

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federal excise taxnoun [ C or U ]

uk us GOVERNMENT, TAX

a tax paid to the US government by manufacturers and distributors of goods such as fuel and tobacco:

Members of Congress are exploring a reduction in federal excise tax rates on gasoline and diesel fuel.

(Definition of “federal excise tax” from the Cambridge Business English Dictionary © Cambridge University Press)