With revenues short of pre-pandemic projections, many states are looking to excise taxes as a way to plug revenue gaps, sometimes by raising existing tax rates (particularly on tobacco and vapor ...
Excise taxes apply to specific goods and services. Businesses that make or sell chosen goods and services collect most of these taxes. As a consumer, you generally won't get a bill for excise tax. But ...
WASHINGTON — The Internal Revenue Service today announced that, in response to the President’s Oct. 5, 2026, Executive Order, Emergency Tax Relief on Diesel Fuel, it will not impose a penalty when ...
As it turns out, sales tax and excise tax are big moneymakers for state governments. According to the Tax Policy Center, states reaped $300 billion in general sales taxes in 2017 and $157 billion in ...
On March 19, Secretary of the Interior David Bernhardt announced that the U.S. Fish and Wildlife Service will distribute almost $1 billion to state and territorial fish and wildlife agencies to fund ...
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