Excisable

Part of speech: adjective

Definitions

1. Relating to items or products that can be subjected to a tax imposed on their manufacture, sale, or consumption
2. Describing goods or services that are liable for a government levy or duty
3. Pertaining to commodities that are eligible for an excise tax, which is a form of indirect taxation on specific items

Etymology: "Excisable" is a plain formation: the adjective "excise" with the suffix "-able", meaning "capable of being" or "subject to" the action. The noun "excise" is the tax itself, levied on goods made, sold, or consumed within a country, as distinct from customs duties on imports. The "-able" ending is what turns the tax into a property of the goods. Something excisable is one that the law allows to be taxed in this way, such as alcohol or tobacco in many jurisdictions. The word is therefore mainly used in legal and fiscal writing, where it describes a category of products rather than a single act of taxation.

Synonyms: taxable, leviable, assessable, chargeable, imposable

Antonyms: exempt, untaxed, free, released, liberated