excise tax

(redirected from Excite Taxes)
Also found in: Dictionary, Thesaurus, Financial.

excise tax

(ek′sīz″) [Dutch excijs, fr L. accisa, tax]
A graduated tax charged by a city, state, or national government on the use of a commodity or service. The greater the use, the higher the tax. Excise taxes are used to discourage the purchase of hazardous but legal substances, such as cigarettes or alcohol. The added cost to these products makes them less appealing to those with limited incomes and deters their consumption by adolescents. Excise taxes have also been used to pay for the costs of health care that societies incur because of the use of hazardous agents.