Colorado Internet Cigar Tax Bill Passes Senate
The Colorado Senate has passed a bill that will remove the requirement to pay the state’s 40 percent excise tax on cigars sold out of the state.
S.B. 139 passed 25-9 and now moves onto the House.
If passed, it would be a big win for Smoker Friendly, which operates the PaylessCigarsandPipes.com website, out of the state. It’s unclear if there are other retailers that would uniquely benefit as cigars sold within the state would still be subject to the states tax of 40 percent of the wholesale price.
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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