excise
An indirect ad valorem tax on the manufacture, sale or use of locally produced goods.
Definition from Nolo’s Plain-English Law Dictionary
A federal or state tax imposed on the manufacture, sale, or use of goods or on an occupation or activity (such as a business license). Sometimes called an excise tax.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:15 pm
