Sentences with phrase «excise tax of»

Although the local call excise tax of 3 % is still collected.

Note that you will also pay an excise tax of $ 0.60 cents for every 1,000 membership reward points transferred.

A State Highway surcharge of $ 7.50 per day and a General Excise tax of 4.166 % is assessed as an additional charge.

However, both the House and Senate proposals would impose a new excise tax of 1.4 % on net investment income of private colleges and universities that have at least 500 students and had assets of at least $ 250,000 per full - time student the previous academic year.

There is regular Federal tax at 25 %, plus the excise tax of 10 %, plus potentially another 10 % for state taxes.

Virginia does not have a minimum legal price for cigarettes and imposes a cigarette excise tax of 30 cents per pack — the second - lowest in the country.

This credit exceeds the current gas and diesel excise tax of $ 0.184 and $ 0.244, respectively, per gallon.

One of the more controversial areas of the recently passed House bill (subject to reconciliation with any Senate bill), is the excise tax of 20 % on payments from U.S. entities to their related foreign affiliates for services, cost of goods sold and capital assets in exceess of $ 100 mn.

That plan, proposed by economist Jack Mintz and Nancy Olewiler of the Sustainable Prosperity Institute, would leave the existing excise tax of 10 cents per litre of gasoline and four cents per litre of diesel unchanged.

If you buy a car in D.C. you'll pay an excise tax of between 6 and 8 % of the car's value.

Not exact matches

«An excise tax on the endowments of some private colleges and universities, regardless of how many or how few institutions it affects, is a remarkably bad idea that takes money that would otherwise be used for student aid, research, and faculty salaries and sends it to the Department of the Treasury to finance corporate tax cuts,» said Ted Mitchell, president of the American Council on Education, a higher education trade group.

The Tories are making a $ 700 - million tax grab by what it politely describes in the 2014 budget as «restoring the effectiveness of the excise duty on tobacco products.»

The City of Denver recently voted to slap a new 5 percent tax on marijuana, on top of its own 15 percent excise tax and 10 percent sales tax.

The IRS RMD rules can be a bit confusing, and failing to satisfy your annual RMD can be expensive, costing you an excise - tax penalty of up to 50 percent on the amount not distributed as required, warns Manisha Thakor, director of Wealth Strategies for Women at Buckingham and The BAM Alliance, a community of more than 140 independent registered investment advisors throughout the country.

Also starting in January, California will introduce a 15 % state excise tax on every purchase of a cannabis product.

With 44 percent of Washington's excise tax burden passed on to consumers, the report found that in the short term, there was not much of a change.

These consist of the existing 2.9 percent state sales tax (plus local taxes), an additional 10 percent state tax on retail marijuana sales, and a 15 percent excise tax on the «average market rate» of wholesale marijuana.

While there is no sales tax collected on purchases of alcohol in Delaware, some excise taxes still apply.

[23] By taxing the land's rental income and that of subsoil minerals provided freely by nature, industry could free itself from the sales and excise taxes that raised the cost of living and doing business.

Drivers in Delaware will need to pay the state's gasoline excise tax (except, of course, drivers of electric vehicles).

I'll admit that complaining about the education taxes aimed at the wealthy — such as the plan to institute an excise tax on endowment fund managers paid in excess of $ 1 million a year — is unsympathetic.

The Constitution is pretty clear: It's in Congress's power «to lay and collect taxes, duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States,» and regulate trade between the US and other countries.

In contrast, corporate income tax revenues (up $ 0.5 billion or 7.1 %) and sales and excise taxes (up $ 1.2 billion or 14.9 %) were well above their Budget forecasts of 2.6 % and 2.2 %, respectively.

The Act imposes a 21 percent excise tax on the compensation of any covered employee in excess of $ 1 million.

Sales and excise taxes were up $ 2.7 billion or 5.6 %, compared to the forecast increase of 4.6 % in the 2018 Budget.

If the payments or benefits payable to him in connection with a change in control would be subject to the excise tax on golden parachutes imposed under Section 4999 of the Internal Revenue Code, then those payments or benefits will be reduced if such reduction would result in a higher net after - tax benefit to him.

These payments and benefits also may be subject to an excise tax under Section 4999 of the Internal Revenue Code.

In a new report released today for Sustainable Prosperity (a new research institute), Jack Mintz and Nancy Olewiler pitch a federal carbon tax constructed by broadening the base of the federal excise tax (which currently raises over $ 5 billion per year based on a tax of 10 cents per litre of gas and 4 cents -LSB-...]

Higher taxes on alcohol and tobacco products: the excise duty rate on cigarettes goes up to $ 21.56 per carton of smokes from $ 21.03, while the rates on alcohol are going up two per cent.

«That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions.»»

Within budgetary revenues, the year - over-year changes to date for all major components were higher, with the exception of corporate income taxes (down $ 0.5 billion) and excise taxes duties ($ 0.1 billion).

They sought to replace France's proliferation of excise and income taxes with a land tax» (l'impôt unique), on the logic that the sun and other forces of...

Consumer price index: A measure of the average level of prices, inclusive of sales and excise taxes, faced by urban households for a given «market basket» of consumer goods and services.

ETRs may be calculated with respect to a single tax, such as the individual income tax, or with respect to a combination of taxes (e.g., the total of individual and corporate income taxes, payroll taxes, excise taxes, and estate taxes).

The Omnibus Budget and Reconciliation Act of 1990 (OBRA90): This act increased excise and payroll taxes, added a 31 percent income tax bracket, and introduced temporary high - income phase - outs for personal exemptions and itemized deductions.

This is mainly because Federal and State excise taxes, which are levied per litre of petrol sold, account for a substantial proportion of the retail petrol price.

Depending on the type of business structure you have for your company, you may need to pay taxes for income, self - employment, employment, and excise or sales tax.

Sales and excise taxes were up $ 2.3 billion or 8.9 %, well above the Update forecast of 4.4 % for the year as a whole.

In contrast, corporate income tax revenues (up $ 1.9 billion or 14.8 %) and sales and excise taxes (up $ 2.2 billion or 12.8 %) were well above their Budget forecasts of 2.6 % and 2.2 %, respectively, for the year as a whole.

Dampening the positive impact of these developments were lower excise taxes and duties, down5.6 %, corporate income tax revenues, down 1.3 %, higher elderly benefits, up 4.6 %, higher major transfers to provinces, up 8.1 % and higher other direct program expenses, up 2.0 %.

Even excluding excise taxes and «cost - recovery» provisions in that bill (which run counter to expensing), Chairman Camp's bill included an additional $ 300 billion of potential reforms that are not part of the Senate bill.

A 9.3 % rise in tobacco prices generated about 40 % of the core CPI increase as a federal excise tax kicked in.

Within budgetary revenues, all major components were higher with the exception of corporate income taxes and other excise taxes and duties.

Bill C - 22, An Act to amend the Income Tax Act, the Income Tax Application Rules, certain Acts related to the Income Tax Act, the Canada Pension Plan, the Customs Act, the Excise Tax Act, the Modernization of Benefits and Obligations Act and another Act related to the Excise Tax Act

March 15 was an important date for many of these plans — it was the deadline to make any corrective distributions due to a failed 2015 plan year Average Deferral Percentage (ADP) or Average Contribution Percentage (ACP) test in order to avoid a 10 % IRS excise tax.

(We shall make no attempt to distinguish between the various kinds of tax collectors, tax farmers and excise men.

The difference might seem only technical in income taxation, but it is more practical with regard to sales, excise and property taxation, where nonprofit organizations enjoy important insulation from governmental imposts and oversight by virtue of their not being a legitimate part of the tax base.

Organizations so designated are exempt not only from federal taxation of their net income but also from payment of social security taxes, federal unemployment insurance, various sales and excise taxes, and taxes on real property.

But in the ninth century, as the expense of financing all these churches and clergy became enormous, some local governments began to excise additional taxes on the people, which went to help cover the costs of maintaining the church buildings and clergy.

In January 2013 the non-governmental organisation Sustain, supported by 61 health organisations, called for a 20 pence per litre excise duty on sugar sweetened drinks.4 In February, the Academy of Medical Royal Colleges called for a 20 % tax on sugar sweetened drinks as part of its enquiry into clinical and public health solutions to the obesity epidemic.1 Although the UK government has indicated a preference for voluntary approaches to the control of obesity, it has not ruled out fiscal measures.14 Clearly, the idea of a sugar sweetened drink tax is gaining traction in the UK, but its effect on health remains uncertain.