Sentences with phrase «federal excise»

The HST New Housing Rebate was established and is governed by the federal Excise Tax Act and is aimed primarily at those who buy a new or substantially renovated home from a builder.

Tax Collection: The Risk of Less Than Fair Market Value Property Transfers reviews one of CRA's most powerful collection tools in the federal Income Tax Act and the federal Excise Tax Act.

Forced the IRS to concede that imposition of federal excise taxes on diesel fuel sold for export is unconstitutional.

The comprehensive bill provides fair and equitable reform of the federal excise tax on beer.

Man charged in Edmonton attack was ordered deported by U.S. in 2011, Canadian Press Trudeau proposes federal excise tax on legal pot, sharing revenue with provinces, Canadian Press Auditor general says Nova Scotia government needs to tighten its fraud controls, Canadian Press United States Police probe turns to Las Vegas gunman's girlfriend; investigators examine $ 100,000 transfer overseas, Reuters SEC forensics unit sought resources, cyber training ahead of 2016 hack, Reuters

The HTF is funded primarily though an 18.4 - cent per gallon federal excise tax on gasoline.

For example, in the US we paid the Spanish - American War Tax in our telephone bills (the name was changed to a «Federal excise tax» to disguise it) from 1898 until 2006.

You may have noticed, however, that the Senate Finance Committee just voted for a federal excise tax on alcohol and «sugar - sweetened beverages» to help pay for President Obama's health care reforms.

That doesn't consider the 7.5 percent federal excise tax United levies on the amount of award miles offered.

AMEX Membership Rewards charges an excise tax offset fee of $ 0.0006 per point, maximum fee of $ 99, to offset the federal excise tax AMEX pays when you transfer points to a U.S. based frequent flyer program.

And Federal Excise tax, which appears to be 7.5 % This makes the deal unattractive, especially if miles are used primarily for domestic travel.

The company says it charges $ 0.0006 per point, with a maximum fee of $ 99, «to offset the federal excise tax we must pay on such conversions.»

Without a bonus, miles typically cost $ 29.50 per 1,000 miles plus a 7.5 % Federal Excise Tax.

For rentals in the U.S., Puerto Rico, and Canada when the renter chooses to receive miles in the SkyMiles program, the Frequent Flyer Surcharge will be calculated based on the 7.5 % Federal Excise Tax expense incurred by Hertz when it purchases miles from Delta Air Lines.

We charge this fee to offset the federal excise tax we must pay on such conversions.

Use it to determine the actual cost of the miles by adding up the cost, any processing fees, and the Federal excise tax.

When buying miles from an airline, expect to pay a certain amount per thousand plus a 7.5 percent Federal excise tax.

A small fee to offset the federal excise tax is imposed, but it is more than worth the price considering the bonus miles awarded.

Miles are purchased from Points.com for a cost of $ 27.50 per 1,000 miles, plus a 7.5 % Federal Excise Tax.

The fund may in certain circumstances be required to liquidate fund investments to make sufficient distributions to avoid federal excise tax liability at a time when the investment adviser might not otherwise have chosen to do so, and liquidation of investments in such circumstances may affect the ability of the fund to satisfy the requirements for qualification as a RIC.

The Funds» federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired (the current year and the prior year) are subject to examination by the Internal Revenue Service and state departments of revenue.

The agency almost immediately banned the sale of certain flavored cigarettes, and then substantially increased the federal excise tax on cigarette sales.

According to the EIA, federal excise taxes at the beginning of 2011 were 18.4 cents per gallon, and state taxes were averaging at 22.06 cents.

Because the «passenger usage charge» is a fee, Spirit doesn't have to pay the 7.5 % federal excise tax on it.

For brewers who produce up to 60,000 barrels annually, the measure would cut the per - barrel federal excise tax from $ 7 to $ 3.50 per barrel, explained Leone.

Part of the nearly 500 - page tax reform bill includes a proposal to cut by half the federal excise tax on craft beer.

That includes the $ 4.35 state excise tax, the $ 1.50 city tax, the $ 1.01 federal excise tax and the sales tax.

In a Modifications Memorandum, I would suggest the following: larger rear - view mirror — the present one hides part of the rear window; higher geared window - cranking handles — it is annoying to have to work the handle 10 times to open the window fully; more readable instruments — the present speedometer and tachometer offer poor dial contrast and glass reflection aggravates this fault; the inclusion of an engine temperature gauge — its omission is unforgivable in a highgrade car priced $ 4,990 plus federal excise tax.

Other clubs imposed a monthly minimum forfood and drink, but again Internal Revenue ruled that all such charges weresubject to the 20 % federal excise tax.

The bill will reduce the federal excise tax on beer from $ 7 / barrel to $ 3.50 / barrel for the first 60,000 barrels for brewers producing less than two million barrels of beer annually.

«Our expectation is that small brewers will use their savings related to the recalibration of the federal excise tax on beer to invest in their breweries, expand their operations, create more jobs and hire more American workers.»

A case in point is legislation recently introduced by Senator Ron Wyden (D - OR) that would amend the current federal excise tax structure for all beverage alcohol.

Many of you may remember the start of the 114th Congress and the Small BREW Act, a great bill that would have lowered the federal excise tax for any brewery that produces fewer than six million barrels of beer a year.

Reducing bonding and filing requirements for the 90 % of American breweries that pay less than $ 50,000 per year in federal excise taxes.

The legislation which was introduced by Senators Roy Blunt (R - MO) and Ron Wyden (D - OR) and Representatives Erik Paulsen (R - MN) and Ron King (D - WI) will lower federal excise taxes for breweries, wineries and distilled spirits producers.

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has accepted an offer in compromise from Vermont's Citizen Cider for failure to pay the federal excise tax at the appropriate rate from October 2014 through June 30, 2017.

This bill would amend the current federal excise tax structure for all beverage alcohol.

During the last legislative session, more than half of the U.S. Congress supported lowering the federal excise tax for craft brewers.

2017 — The Craft Beverage Tax Reform and Modernization Act is signed into law, reducing federal excise taxes for U.S. craft brewers for a two - year period.

Under the bill, the federal excise tax (FET) will be reduced to $ 3.50 / barrel (from $ 7 / barrel) on the first 60,000 barrels for domestic brewers producing less than 2 million barrels annually, and reduced to $ 16 / barrel (from $ 18 / barrel) on the first 6 million barrels for all other brewers and all beer importers.

On December 20, 2017, the 115th United States Congress passed legislation that includes a two - year provision of the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which lowers the federal excise tax (FET) for breweries, wineries and distilled spirits producers.

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

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-...]

Federal excise taxes: information about the total federal revenues from excise taxes as well as details about particular goods.

Not exact matches

Medical marijuana patients are bracing for an uphill battle in their bid to convince the federal government to exempt medicinal cannabis from excise taxes.

[16] CBO's after - tax income is computed by subtracting estimated federal individual and corporate income taxes, social insurance (payroll) taxes, and excise taxes from before - tax income.

«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.»»

In the lead up to next week's budget, the Federal Government is being warned that it'll have to find an alternative to the fuel excise, as electric cars become increasingly popular.

In the United States, most consumption taxes are levied by states and local governments (as retail sales taxes), although the federal government does levy some selective consumption taxes, called «excise taxes,» on items such as alcohol, tobacco products, and gasoline.

Excise tax: A tax on specific goods and services, levied at federal, state, and local levels.