Excise Tax Law

Excise tax law refers to specific taxes imposed on particular goods, services, or activities, rather than on income or property. Common examples include taxes on gasoline, tobacco, and alcohol. These taxes are often included in the price of the product and are intended to discourage certain behaviors, raise revenue for governmental projects, or fund public services. Unlike general sales tax, excise taxes are often levied per unit, such as per gallon or per pack. Understanding these laws helps businesses and consumers recognize additional costs associated with certain products.