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Excise Taxes Archive

State Sports Betting Tax Legislation & Trends

TweetShareSharePin0 Shares 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

Liqour Taxes | How High Are Distilled Spirits Taxes in Your State?

TweetShareSharePin0 Shares Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because distilled spirits (liquor) have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself to the following map to see whether you’re shaken or stirred

DC Flavored Tobacco Ban Could Prove Costly

TweetShareSharePin0 Shares 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

Taxes & Infrastructure Funding for Highways

TweetShareSharePin0 Shares 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

MORE Act | Federal Taxation of Recreational Marijuana

TweetShareSharePin0 Shares 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

How Stable is Cigarette Tax Revenue? | Cigarette Taxes

TweetShareSharePin0 Shares May 3, 2021 Ulrik Boesen Tom VanAntwerp Ulrik Boesen, Tom VanAntwerp   Cigarette excise taxes have been a source of state revenue for decades, and states have long relied on this revenue. Using data from Orzechowski and Walker’s annual compendium The Tax Burden on Tobacco, this web tool shows how cigarette tax revenues have changed between 1955

Options to Raise Tax Revenue | Tax Policy Trade-offs

TweetShareSharePin0 Shares 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.

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

TweetShareSharePin0 Shares 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
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