federal excise tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 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)
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