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Excise Tax

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NEWS
March 19, 1986 | United Press International
The Senate Finance Committee began work today on a bill to overhaul the nation's tax code, but the most crucial part of the chairman's plan--raising taxes on items like gasoline and alcohol to pay for other breaks--ran into quick trouble. As the 20-member Republican-led panel opened what is expected to be about two months of bill-writing, Chairman Bob Packwood (R-Ore.
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OPINION
March 16, 2014
Re "A philanthropic revolution," Opinion, March 13 A funny thing happened to me on the way to reading Jack Shakely's Op-Ed article. After I told a friend I was going to a nonprofit accounting seminar, he said, "Well if you want to make a lot of money, go to work for a nonprofit. " I attempted to rebut that statement using personal experience. We seminar attendees were alerted to details of the proposed Tax Reform Act of 2014. The potential change that may negate Shakely's donor-advised fund promotion is that the Tax Act proposes an annual excise tax on contributions that are not distributed within five years.
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NEWS
April 13, 1987 | DON IRWIN, Times Staff Writer
Richard G. Darman, the newly retired deputy secretary of the Treasury, suggested Sunday that an increase in excise taxes could form part of "the basis on which there could be a compromise" of budget differences between the White House and Congress.
NATIONAL
March 10, 2014 | By Matt Pearce
Recreational marijuana sales in Colorado brought in more than $2 million in tax revenue in January, according to state figures released Monday. At the behest of voters who approved legalized marijuana in 2012, Colorado is still in the early days of a regulatory experiment expected to bring in millions in tax revenue from legal sales. January was the first month for such sales in Colorado. Washington state, which also legalized recreational marijuana in a voter initiative, is preparing for a June launch date for recreational marijuana sales.
BUSINESS
May 26, 2006 | From the Associated Press
Telephone callers will see one tax drop off their bills this summer and can look forward next year to a refund of federal taxes paid on long-distance and bundled services. "That's the taxpayers' money, and they deserve to have it, not the government," Treasury Secretary John W. Snow said Thursday, announcing the decision to stop fighting companies challenging the tax in court. Beginning July 31, consumers will stop paying a 3% federal excise tax on long-distance calls and bundled services.
CALIFORNIA | LOCAL
September 27, 1990 | From Times staff and Wire reports
An attorney for the Pacific Legal Foundation, a statewide taxpayers' group, said the group will look into the legality of Fresno's proposed excise taxes. Attorney Jonathan Coupal said the proposal to impose a $10 monthly excise tax on each household in the San Joaquin Valley city may be illegal. He said it could be an attempt by the City Council to get around obtaining taxpayers' approval for the tax increase.
NEWS
March 3, 1993 | LESLIE BERKMAN, TIMES STAFF WRITER
Attempting to speed a national decline in smoking and raise funds to combat smoking-linked disease, the California Medical Assn. on Tuesday called for legislation to establish a $3 excise tax on each pack of cigarettes. Dr. Richard F. Corlin, outgoing president of the association, said revenue from the $3 tax would reflect the estimated cost of caring for medical problems caused by cigarette smoke. The Clinton Administration already is considering a $2-per-pack tax.
CALIFORNIA | LOCAL
December 15, 1995 | STEVE RYFLE, SPECIAL TO THE TIMES
Three defendants have pleaded guilty in federal court to tax fraud, mail fraud and other charges stemming from a diesel fuel excise tax evasion scam that involved 23 arrests and stretched from the San Fernando Valley to Long Beach, federal prosecutors said. Manouk Isahak Nalchian of Glendale, Youssef Kamel Keroles of San Pedro and Andranik Dzhrdzhyan of Los Angeles entered guilty pleas Wednesday to various charges before Judge James M. Ideman in U.S. District Court in Los Angeles.
BUSINESS
January 2, 1996 | EVELYN IRITANI, TIMES STAFF WRITER
Travelers received a bonus Monday when several airlines stopped collecting a federal excise tax, slashing the cost of domestic air tickets by 10% at a time when some prices were already lower because of a winter fare war. But travel industry officials urged people to move quickly to take advantage of the savings, because Congress is expected to reinstate the tax, which expired New Year's Eve. The tax, along with a $6 fee on international departures and a 6.
NEWS
March 6, 1993 | CARL INGRAM, TIMES STAFF WRITER
Senate Leader David A. Roberti, the Legislature's No. 1 advocate of tougher gun controls, on Friday proposed levying an additional 5% sales tax on the purchase of firearms and ammunition and restricting gun magazines to a maximum 10 rounds.
BUSINESS
February 20, 2014 | By Marc Lifsher
SACRAMENTO -- Californians could be paying more for gasoline and other transportation fuels next year as a result of California's pioneering efforts to curb greenhouse gas emissions that contribute to global warming. But Sen. Darrell Steinberg thinks that any extra money motorists pay at the pump should be clearly labeled for what it is: a tax. Steinberg (D-Sacramento) is considering legislation that would slap a so-called carbon tax on fuels and earmark revenues estimated at $3 billion to $4 billion a year to two purposes.
BUSINESS
August 19, 2013 | By Shan Li
States in 2011 took in more than $50 billion from so-called sin taxes, or taxes or other fees levied on goods and services such as cigarettes, alcohol and casinos, according to research firm 24/7 Wall Street. Some states profit more from drinking, smoking and gambling than others, according to the report, which culled data from the Census Bureau and the American Gaming Assn. Nevada, unsurprisingly for the home of Las Vegas, got nearly 6% of its state revenues from sin taxes. Gambling brought in the most cash, with tobacco and liquor following far behind.
BUSINESS
May 22, 2013 | MICHAEL HILTZIK
The chief drawback of a law as complex as the Affordable Care Act, the health insurance reform measure passed in 2010, is that it provides self-interested opponents a multitude of places to stick a wedge in and hammer away. But you'd be hard-pressed to find a campaign against the ACA as narrow-minded and dishonest as the one mounted by medical device manufacturers. This industry, which encompasses makers of everything from tongue depressors to MRI machines, has been grousing from the outset about an excise tax of 2.3% the act imposes on sales of its products.
AUTOS
May 2, 2013 | By Ronald D. White
California gasoline prices have fallen by 77.4 cents a gallon from the record of $4.671 set in October. But the state's prices remain among the highest in the nation, and today is no exception. California is running fourth behind Hawaii, Alaska and Illinois with an average of $3.897 a gallon, according to the AAA Fuel Gauge Report. One reason is that California has the nation's highest taxes on gasoline, at 38.2 cents a gallon, according to the Energy Department's most recent survey.
OPINION
April 17, 2013 | By Lloyd Billingsley
Now that they have filed their income tax returns and written their checks, many Californians are starting to realize that government greed is no laughing matter. In November, California voters approved Proposition 30, raising the state's top income tax rate to 13.3%, an increase of more than 29%. The state sales tax now ranges from 7.5% to 10%, the highest statewide rate in the nation. The tax increases are supposed to raise an additional $6 billion in revenue. But that's not enough for California politicians.
AUTOS
March 4, 2013 | By Ronald D. White
It's probably the last thing that California motorists want to hear: the state's excise tax on gasoline will rise by 3.5 cents a gallon on July 1. The increase will take the state's excise tax to up to 39.5 cents a gallon for every gallon of gasoline sold in California. It's also a change that will put upward pressure on retail gasoline prices at the pump at a time when California already pays more for gasoline than almost every state in the nation. Today, for example, the average cost of a gallon of gasoline in California is $4.222, according to the AAA Fuel Gauge Report.
NEWS
January 1, 1996 | From Times Staff and Wire Reports
American Airlines said Sunday it will pass onto customers savings from the 10% federal excise tax on airline tickets, which expired at midnight Sunday, as the budget battle continues in Washington. If other airlines follow suit, the effect will be a nationwide 10% cut in domestic air fares. Although Congress may reinstate the tax, airline and federal officials do not expect it to be retroactive to Jan. 1.
BUSINESS
December 3, 1990 | From Associated Press
Beer distributors are scrambling to find additional supplies to meet a surge in demand from drinkers seeking to stockpile their favorite beverage before the government doubles the beer tax in January. The increased demand comes during the height of the traditionally brisk holiday season. It has pushed sales to the levels of the industry's peak midsummer season and raised fears of an impending shortage, wholesalers say.
BUSINESS
March 29, 2012 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - An elected state tax collector wants to save strapped California motorists money by freezing the sales tax on gasoline whenever the pump price jumps above $4 a gallon. The idea, said George Runner, a Republican member of the State Board of Equalization, is to put a few bucks back in consumers' pockets rather than provide a small windfall to local governments. Gasoline prices in California averaged $4.33 on Wednesday, according to AAA's Daily Fuel Gauge Report.
BUSINESS
March 19, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Just days before investors would have their say on Walt Disney Co.'s executive pay, the entertainment giant changed the contracts of its top executives to remove a generous perk that had come under fire from an influential shareholder advisory firm. The company said it would no longer pay the taxes on any severance package for Chief Executive Robert A. Iger and three other senior executives in the event they lost their jobs in a sale or merger of the Burbank entertainment company.
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