
state excise tax
State excise tax is a government-imposed fee on specific goods, such as alcohol, tobacco, or fuel, that are produced or sold within a state. It's included in the retail price and paid by consumers, with the revenue used to fund public services or infrastructure. This tax aims to regulate consumption of certain products for health, safety, or environmental reasons, while generating revenue for the state. The amount varies depending on the product and state laws, and it’s typically collected from manufacturers, wholesalers, or retailers before the product reaches consumers.