• 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.
Spotlight 438 – Exorcizing Excise Taxes: Bringing Transparency to Hidden Taxes