JLF Research | Policy Reports
• The largest excise tax collection in North Carolina is on fuel, amounting to $1.5 billion annually.
• North Carolina excise taxes generated $2.4 billion in revenue in FY2011, amounting to 13 percent of total tax revenue collected.
• Historically, all excise tax increases in North Carolina have been coupled with a recessions or budget shortfalls.
• Excises are typically used to manipulate choices freely made by taxpayers.
Download PDF file: Exorcising Excise Taxes: Bringing Transparency to Hidden Taxes (548.1KB)