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Excise Taxes Archive

State Wine Taxes | Compare 2021 Wine Tax Rates

[ad_1] Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newfound thirst for excise tax info with this week’s map, which compares wine taxes among the 50 states, expressed in dollars per gallon. States tend

State Sports Betting Tax Legislation & Trends

[ad_1] With many state legislative sessions wrapping up for this year, and a new fiscal year about to begin, it’s a good time to examine some of the 2021 legislative trends—and sports betting taxes are among the more prominent. This year, 11 states have made changes to sports betting regulation and taxes, and Ohio is

DC Flavored Tobacco Ban Could Prove Costly

[ad_1] The Flavored Tobacco Product Prohibition Amendment Act of 2021 (B24-0020) under consideration by the D.C. City Council would, as the name suggests, ban all flavored tobacco product sales in the District. That means banning the majority of cigarettes being sold, since more than 50 percent of the market is menthol flavored, which could have

Taxes & Infrastructure Funding for Highways

[ad_1] As spending priorities are dividing lawmakers trying to negotiate among the various federal infrastructure plans, less time is being spent on the funding of one of the key components—our highways, both current and future taxes and fees. One of the current taxes, a federal excise tax on heavy commercial vehicles and trailers, is an

MORE Act | Federal Taxation of Recreational Marijuana

[ad_1] Today, Rep. Jerry Nadler (D-NY) reintroduced the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) to reform federal treatment of marijuana by descheduling it, meaning it no longer would be a prohibited substance. Not surprisingly, the bill includes an excise tax on all sales of marijuana products, which would take effect six months after

Options to Raise Tax Revenue | Tax Policy Trade-offs

[ad_1] As 17th century French finance minister Jean-Baptiste Colbert once said, “Taxation is the art of plucking the goose as to obtain the maximum number of feathers, with the smallest possible amount of hissing.” In Tax Foundation’s new book, Options for Reforming America’s Tax Code 2.0, we modeled 70 possible reforms to the U.S. tax

Modernizing Rental Car and Peer-to-Peer Car Sharing Taxes

[ad_1] Key Findings As the travel and hospitality industries recover from the coronavirus pandemic, policymakers have an opportunity to reevaluate and repeal discriminatory excise taxes imposed on rental car transactions. Unlike other excise taxes, rental car excise taxes are not imposed to reduce a harm or ensure drivers are paying for infrastructure. Rather, the revenue