Press Release: IPCPR Opposes Excise Tax Increase Legislation in New Mexico
February 27, 2013 (Columbus, Ga.) – House Bill (H.B.) 428, proposes increasing the state’s Other Tobacco Products (OTP) excise tax (the tax levied on tobacco products not tax as cigarettes), from 25% to 53%, a 112% increase.
In conjunction with key IPCPR retail members, the Cigar Association of America (CAA), is actively lobbying in opposition to H.B 428. The bill cleared the House Health Committee, and is now in the House Tax and Revenue Committee.
Important: While we except this bill will not make it out of the Revenue and Tax Committee, IPCPR has initiated a Legislative Action Alert for retailers and consumers to contact committee members urging them to oppose this draconian tax increase proposal. Please share the Legislative Action Alert with your customers and friends:IPCPR and CAA communicate frequently on this legislation and as news develops, we will update you accordingly.