What is excise tax in washington state?

Excise tax in Washington State is a tax imposed on the sale of certain goods or services, typically at the point of sale. The tax is collected by the seller and then remitted to the Washington State Department of Revenue.

Some common items subject to excise tax in Washington State include cigarettes, alcohol, gasoline, and certain types of vehicles. The rate of the tax varies depending on the item being sold.

In addition to specific excise taxes on certain goods, Washington State also has a Business and Occupation Tax (B&O tax) which is a gross receipts tax on businesses operating in the state. This tax is based on the gross revenue of the business, rather than its profits.

Overall, excise taxes play an important role in funding state and local government services in Washington State. They help to generate revenue that is used to support public services such as transportation, education, and healthcare.