February 20, 2016 Charlie Minato Regulations,  Taxes

Alaska Bill Would Increase Tobacco Tax

A new bill in Alaska would increase the tax on cigars to 100 percent of the wholesale price.

At the request of Gov. Bill Walker, HB304 has been introduced. It would raise the taxes on cigarettes, electronic cigarettes and other tax products.

The current tax on cigars in Alaska is 75 percent of the wholesale price. This means a cigar with a suggested retail price of $9.50 likely retails for around $16.63 in Alaska. If passed, the law would mean that Alaska would have the highest tax on cigars of any state in the U.S. Currently Utah and its 86 percent wholesale tax lead the nation in high effective rates.

Alaska Bill Walker HB304 Taxes
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Charlie Minato

I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I have written about the cigar industry for more than a decade, covering everything from product launches to regulation to M&A. In addition, I handle a lot of the behind-the-scenes stuff here at halfwheel. I enjoy playing tennis, watching boxing, falling asleep to the Le Mans 24, wearing sweatshirts year-round and eating gyros. echte liebe.

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