Press Release: Arkansas Tax Cap Takes Effect
October 2, 2013 (Little Rock, Ark.) — Yesterday, the Arkansas premium cigar tax cap went into effect. Earlier this year working with CAA and the IPCPR state affiliate, the Arkansas Premium Cigar Council, we were able to pass legislation that caps the state excise tax on premium cigars at 50 cents per cigar. The previous tax rate in Arkansas was 68% of the manufacture’s price.
The cap will benefit retailers, consumers, and in turn the state by encouraging in-state purchases of premium cigars. The fixed tax rate will allow premium cigar retailers to better price compete with big box dealers and generate in-state jobs and tax revenue.
If you would like to have a tax cap enacted in your state IPCPR is ready to help! There are currently 26 state associations across the country and more forming every year. You can contact us directly for more information regarding an association in your state.
IPCPR is the voice of the premium cigar & pipe retailer, we appreciate your membership and will continue to keep you updated on legislative activity across the country.
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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