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What Is Excise Tax? Definition, Examples and How It Works

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 ...
Transport Topics

ATRI: Repeal of Truck Excise Tax Would Cut Costs

[Stay on top of transportation news: Get TTNews in your inbox.] A repeal of the 12% federal truck excise tax for new trucks would not only cut costs for truckers, it could benefit the environment and ...
American Enterprise Institute

Should Lawmakers Raise the Stock Buyback Excise Tax?

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.
JD Supra

Another Surprise in the One Big Beautiful Bill: Excise Tax on Remittances

A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...
JD Supra

Summary of the final regulations on the excise tax under Section 4501

On November 21, 2025, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service (the “Service”) released final regulations under section 4501 1 of the Internal Revenue Code of 1986, ...