Alcohol and Tobacco Excise Tax

Alcohol and Tobacco Excise Tax is a specific tax levied on the production, sale, or use of alcoholic beverages and tobacco products. This tax is imposed by the government to generate revenue and regulate consumption due to health concerns. It is often included in the price of these products, making them more expensive. By taxing these items, the government aims to discourage excessive use and promote public health. The revenue collected from this tax is typically used for various public services, including health programs and substance abuse prevention initiatives.