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Kansas collected significantly more individual income tax revenue than projected in May, exceeding estimates by 85%. State officials acknowledge the difficulty in predicting revenue following tax ...
In fact, according to the Congressional Budget Office, the federal government collected over $84 billion in excise tax revenue in 2022, mostly coming from fuel, tobacco and alcohol taxes.
Governor Kevin Stitt signed the motor vehicle excise tax change into law Thursday. House Bill 1183 will simplify how motor vehicle excise tax is determined for vehicle purchases by requiring the ...
In addition to excise taxes, fuel prices are affected by state-specific sales taxes and fees, a 2024 Tax Foundation report said. The organization said it calculated these taxes and fees to find ...
House Bill 1183 will simplify how motor vehicle excise tax is determined for vehicle purchases by requiring the tax to be based on the actual sales price of the vehicle. Any consideration to the ...
The state collects an 18-cent excise tax on fuel purchases. Previously HB1 ... such as Interstate 70 widening from the Kansas City area to the St. Louis area. In Oregon, statehouse Democrats unveiled ...
However, we knew an increase in the fuel excise tax was going to be a part of the long-term solution, as our fuel tax has not been increased since 1987, which has us as one of the lowest in the ...
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 ...
On individual income tax burden, Kansas ranked 23rd highest, taking out 2.64% of personal income. On sales and excise tax burden, Kansas ranked 17th highest, taking out 3.80% of personal income.
COLORADO SPRINGS — Small gun store owners in Colorado Springs say they are already feeling the impact of a new excise tax in Colorado. More than half of voters passed Proposition KK in November ...