excise
n. C / Un. a tax that a government puts on specific goods made or sold within its own country. You usually see this tax on things like fuel, alcohol, and tobacco.
n. an internal tax levied on the manufacture, sale, or consumption of specific commodities within a country. Often distinguished from customs duties, which are applied to imported goods.
The government plans to increase the excise on tobacco next year.
Revenue from the fuel excise is typically earmarked for the maintenance and expansion of national highways.
Economists argue that an excise on sugar-sweetened beverages can serve both as a source of public revenue and as a tool for improving national health outcomes.
From Middle Dutch excijs, altered under the influence of Latin excisus (“cut out, removed”), from earlier accijs (“tax”), from Old French acceis (“tax, assessment”) (whence modern French accise), from Vulgar Latin *accensum, ultimately from Latin ad + census (“tax, census”).
From French exciser, from Latin excisus, past participle of excīdō (“cut out”), from ex (“out of, from”) + caedō (“cut”).