Add Yahoo as a preferred source to see more of our stories on Google. Washington, D.C.—Congressman Doug LaMalfa, R-Richvale, reintroduced bipartisan legislation to repeal the 12 percent federal excise ...

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 ...

On April 16, 2024 (“Budget Day”), the federal government released its annual budget (“Budget 2024”), which includes certain sales and excise tax measures and also confirms the government’s intention ...

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.) ...

While attempts have been made in Congress in recent years to repeal the federal excise tax that adds 12% to the sale of new trucks and trailers, none have come to fruition yet despite the trucking ...

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 ...

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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 ...

California will be the first U.S. state to charge an excise tax on guns and ammunition, starting in July. The new tax — an 11% levy on each sale — will come on top of federal excise taxes of 10% or 11 ...

U.S. Rep. Dina Titus, D-Las Vegas, is again trying to remove the quarter percent federal excise tax, also known as the handle tax, on legal sports bets, she announced today. The tax “does nothing ...

Washington, D.C.—Congressman Doug LaMalfa, R-Richvale, reintroduced bipartisan legislation to repeal the 12 percent federal excise tax on heavy trucks in partnership with Reps. Pappas, D-NH, LaHood, R ...