If a purchaser pays the excise tax on a fuel and can substantiate that another taxpayer has already paid the excise taxes
due, the purchaser may be eligible to submit a claim for refund of fuel excise taxes
For 2010, among the six states that increased their cigarette excise taxes
, the mean state increase was $0.
Some excise taxes
are earmarked to a Federal fund that is used for a specific purpose related to the nature of the tax.
Yet the tobacco industry has contrived to stifle not only efforts to raise cigarette excise taxes
, but robust debate about the issue as well.
The tax from excise taxes
, meanwhile, were programmed to jump to P310.
Tobacco excise taxes
could generate a similar amount of revenue, or about 13.
The final regulations clarify that, in such cases, an otherwise disregarded entity is treated as a corporation with respect to the employment and excise taxes
Categories: November 4, 2010, Accountability, Accounting procedures, Auditing procedures, Excise taxes
, Financial analysis, Financial management, Fuel taxes, Funds management, Tax administration, Tax returns, Trust funds, Use taxes
Cigarettes and other tobacco products are taxed by federal, state, and local governments in various ways, including excise taxes
, which typically are levied per pack of 20 cigarettes (1).
9 million in motor vehicle excise taxes
- nearly $1 million less than collected in 2004.
While the excise taxes
imposed on luxury items have since been repealed, the beer tax remains.
In addition, the company increases (grosses up) the payment to the employee to compensate for excise taxes