Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

Proposition KK would levy a new 6.5 percent excise tax on gunsellers for all sales of ammunition, firearms and gun parts. The money would fund programs for crime victims and behavioral health support ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

Initially tucked among the trillions of tax cuts in the House’s just-passed “big, beautiful bill” was the proposed repeal of the tax on indoor tanning services that was adopted in the law creating ...

[Stay on top of transportation news: Get TTNews in your inbox.] Legislation designed to repeal a World War I-era tax on new heavy-duty trucks, tractors and trailers was recently introduced in the U.S.

LANSING, Mich. (WLNS) — A state Court of Claims judge on Monday denied requests from cannabis businesses and a trade group to immediately halt Michigan’s new 24% excise tax on marijuana, concluding ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

If you missed the deadline for taking your 2023 required minimum distribution from your inherited IRA, you owe the IRS an excise tax of 25% of the shortfall. If the deadline was missed because of a ...

Efforts to raise endowment taxes are in motion as the House Ways and Means Committee reportedly plans to unveil changes next week that will increase rates and include more colleges. Education leaders ...

The city of Pueblo is eliminating retail marijuana excise taxes for the next three years following a 4-2 vote by Pueblo City Council on Tuesday. An 8% excise tax on retail marijuana cultivated within ...

The Andhra Pradesh government has officially acknowledged the gazette notification that the Union Finance Ministry issued ...