Tag Archives: Excise

Florida Should Reevaluate a Proposal to Extend Rental Car Excise Taxes onto Peer-to-Peer Car Shares

Last week, the Florida State Senate Committee on Infrastructure and Security approved Senate Bill 1148 by a 5-3 vote. The bill makes peer-to-peer car sharing firms liable for the state’s $2 per day rental car excise tax and related taxes … Continue reading

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Washington Capital Gains Proposal Not Helped by Analogy to Real Estate Excise Tax

Proponents of a capital gains tax in Washington have long sought to argue that the tax can be designed as an excise tax rather than an income tax, to avoid constitutional constraints imposed on income and property taxation in the … Continue reading

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Employee Benefits-IRS Provides Guidance On Excise Tax Imposed On A Tax-Exempt Organization That Pays Excess Remuneration (Or An Excess Parachute Payment) To An Employee

In IRS Notice 2019-09 (the “Notice”), the Internal Revenue Service (“IRS”) has provided guidance on the excise tax imposed on a tax-exempt entity under Code section 4960 that pays excess remuneration (or an excess parachute payment) to an employee. Here … Continue reading

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Who Needs a Carbon Tax When We Can Raise the Real Estate Excise Tax?

Governor Baker announced today that, as part of his FY 2020 budget, he would be proposing to increase the real estate excise tax in order to fund the Global Warming Solutions Trust Fund.  The Governor stated that, in the long run, … Continue reading

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[Questionable] Strategies to Avoid the IRC 4960 Excise Tax on Nick Saban's, Urban Meyer's, Jim Harbaugh's and Jimbo Fisher's Salaries.

Nick Saban will make $8.3 million this year, Urban Meyer $7.6 million, Jim Harbaugh and Jimbo Fisher will each make $7.5 million and Gus Malzahn $6.7 million. They are all football coaches for public universities, which typically don't bother applying… … Continue reading

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