The 12 percent excise tax on heavy trucks is the highest excise tax levied on any product in the country and could add $15,000 to $30,000 to the cost of new heavy trucks, trailers, semitrailer chassis ...

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other markets.

But credit unions' ability to serve communities must be preserved through their federal tax-exempt status as Congress updates and renews the important Tax Cut and Jobs Act.

President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and being considered by the House of Representatives will be one of the most successful pieces of ...

Editor: Mary Van Leuven, J.D., LL.M. The U.S. government imposes federal excise taxes that can affect a surprising variety of companies. These taxes include the foreign insurance excise tax, the ...

Last-minute additions to the Senate draft of the budget reconciliation bill would accelerate the rollback of Biden-era climate and renewable energy tax credit programs and put an excise tax on ...

Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

The deadline for nonprofits to file for a sales tax exemption certificate is on the horizon, and many didn't receive a reminder.

States traditionally return the taxes to the providers in the form of higher Medicaid payments, which in turn snag higher federal matches. Nursing and intermediate care facilities would be exempt.

Territory leaders defended a long-sought provision included in the Trump administration’s budget bill that would exempt some Virgin Islands companies from paying a federal tax typically levied on U.S.