Definition, Meaning & Synonyms
excisable
adjective
/ɪkˈsaɪzəbl/
Definition
Referring to goods or services that are subject to an excise tax.
Examples
- Alcoholic beverages are excisable commodities and are often taxed heavily.
- The government increased rates on excisable products to boost revenue.
- Certain luxury items are excisable under the new tax law.
Meaning
Excisable items are those that can be taxed based on certain criteria, often related to consumption or production.
Synonyms
- Taxable
- Levied
- Charged
