Currently, the excise tax on all charitable foundations is 1.39%, but the proposed legislation would enact rates of 2.78%, 5%, or even 10%, depending on the size of the foundation. Some foundations, ...

The EPA announced this week that 15 billion gallons of ethanol and biofuels will be blended in 2026 and 2027 with gasoline.

A separate gas excise tax increase will also take place July 1 amid possible disruptions to California’s Middle Eastern fuel supplies, which could push prices even higher for consumers during the peak ...