Excise taxes and sales taxes both generate government revenue, but they work in fundamentally different ways. Sales taxes apply broadly to most retail purchases at a uniform percentage rate, appearing ...

A bill introduced in the U.S. House of Representatives would repeal the Federal Excise Tax on heavy trucks and trailers. Rep. Chris Pappas from New Hampshire (D-N.H.) and Rep. Doug LaMalfa (R-Calif.) ...

The push to decarbonize the trucking industry and reduce pollution could lend momentum to the latest attempt to repeal the federal excise tax on new trucks. Legislation has been introduced into both ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. One month past the halfway point of the year, 2025 has proven to ...

The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act.

The Wisconsin Department of Natural Resources will receive about $37 million in 2026 from the federal Sport Fish Restoration and Wildlife Restoration programs. The funding is derived from excise taxes ...

Nevada Democratic Sen. Catherine Cortez Masto and Mississippi Republican Sen. Cindy Hyde-Smith Friday re-introduced a bill that would eliminate the one-quarter of 1% federal excise tax on sports ...

Importers of smoking tobacco products, particularly cigarettes, are increasingly saving millions in federal excise taxes by employing a refund mechanism known as the “drawback.” A recent report ...

Penn is expected to face a 4% federal excise tax on its endowment income starting July 1, 2026 — a move that University officials have warned could significantly hinder its ability to support student ...