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Taxes

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 Minnesota, excise taxes are levied on various goods and activities. For instance, the state imposes a tax on cigarettes and tobacco products, which is a combination of a specific tax per pack of cigarettes and a percentage of the wholesale price for other tobacco products. Similarly, alcohol is subject to an excise tax that varies depending on the type of alcoholic beverage. Fuel also carries a specific excise tax, charged per gallon. When it comes to activities, Minnesota charges a gambling tax on the gross receipts from lawful gambling activities. There is no specific 'attorney occupation tax' in Minnesota, but attorneys, like all other businesses, are subject to the state's general business taxation rules. Excise taxes in Minnesota are used to fund specific state needs, such as infrastructure for fuel taxes or health-related funds for tobacco taxes. The Minnesota Department of Revenue administers these taxes and provides detailed information on rates and compliance for businesses and individuals engaged in activities subject to excise taxes.

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Taxes

excise tax

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Minnesota State Code

Minnesota State Code

Taxes

excise tax

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