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excise tax

An excise tax is a tax imposed on the manufacture, sale, or use of goods—such as cigarettes, fuel, or alcohol—or on an occupation—such as a license tax or an attorney occupation tax—or on an activity such as gambling or betting.

Excise taxes may be ad valorem (calculated by percentage) or specific (calculated per unit).

In Kentucky, excise taxes are levied on various goods, activities, and occupations. For instance, the state imposes excise taxes on cigarettes, alcohol, and motor fuels. The tax on cigarettes is a specific tax, meaning it is a set amount per pack, while the tax on alcohol can be both specific and ad valorem, depending on the type of alcoholic beverage. Motor fuel taxes are also specific taxes charged per gallon. Additionally, Kentucky imposes an excise tax on the occupation of attorneys, which is a specific annual fee that attorneys must pay to practice law in the state. Gambling and betting activities are subject to excise taxes as well, often in the form of a percentage of the wager or the gaming revenue. The structure of these taxes—whether ad valorem or specific—depends on the particular good or activity being taxed and is defined by Kentucky state statutes and regulations.

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Taxes

excise tax

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Kentucky State Code

Kentucky State Code

Taxes

excise tax

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