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 ...

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 ...

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 ...

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 ...

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.

FIRST ON FOX: Republican lawmakers are pushing to stop states from imposing excise taxes on gun and ammunition sales, a condemnation of a measure California enforced in 2024. In 2023, California ...

The same day Michigan's new 51-cent excise tax takes effect, Jan. 1, motorists can expect that tax to jump by about 1.5 cents per gallon, bringing the total fuel tax to about 52.6 cents. At the same ...

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 ...

The New Whiteland Town Council approved a wheel tax and excise tax Wednesday in response to a new state law that requires the taxes for Community Crossings funding. Daily Journal file photo A few days ...