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 ...
The definition of “covered employee” for purposes of the excise tax rules under Internal Revenue Code (IRC) Section 4960 will soon be significantly expanded. “Remuneration” will continue to exclude ...
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 ...
Washington, D.C.—Congressman Doug LaMalfa, R-Richvale, reintroduced bipartisan legislation to repeal the 12 percent federal excise tax on heavy trucks in partnership with Reps. Pappas, D-NH, LaHood, R ...
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