Present Law And Background Information On Federal Excise Taxes
JCS-1-11 (January 19, 2011) – Present Law And Background Information On Federal Excise Taxes “The Internal Revenue Code (the “Code”) imposes numerous excise taxes on goods and services.1 In addition to excise taxes the primary purpose of which is revenue production, excise taxes also are imposed to promote adherence to other policies (e.g., penalty excise …