excise (n.) Look up excise at Dictionary.com
"tax on goods," 1494, from M.Du. excijs, apparently altered from accijs "tax" (by infl. of L. excisus "cut out or removed," see excise (v.)), traditionally from O.Fr. acceis "tax, assessment," from V.L. *accensum, ult. from L. ad- "to" + census "tax, census." English got the word, and the idea for the tax, from Holland.
excise (v.) Look up excise at Dictionary.com
"cut out," 1490 (implied in excision), from M.Fr. exciser, from L. excisus, pp. of excidere "cut out, removed."