The United States Excise Tax Reduction Act of 1954 temporarily extended the 1951 excise tax increases (through March 31, 1955), but also reduced excise tax rates on, among other things, telephones, admissions, and jewelry.[1]
References
edit- ^ Major Enacted Tax Legislation, 1950-1959, Tax Policy Center. Accessed February 4, 2024. "Excise Tax Reduction Act of 1954: Excise Tax Increases. Temporarily extended 1951 excise tax increases through 3/31/55. Excise Tax Rates. Reduced excise tax rates on telephones, admissions, jewelry, etc."
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