If the [charity’s] activity exposes state coffers to the risk of an excise tax from the IRS, you have to begin to question whether or not its existence is justified,” said a Republican lawmaker ...

At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations.

Editor: Mary Van Leuven The U.S. government imposes federal excise taxes that can affect a surprising variety of companies.

Californians will now pay for more legal cannabis products after a new state excise tax. This 19% tax goes into effect July 1 ...

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...

Congress incentivized domestic manufacturing of semiconductors and semiconductor manufacturing equipment as part of the ...

GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...

To protect against certain risks, businesses can create “captive” insurance companies. The final regulations designate certain microcaptive arrangements as reportable listed transactions or ...

Early guidance for the new Sec. 45Z clean fuel production credit raises concerns regarding the eligibility of fuel sales to wholesalers.