A new bill in Maine could more than quadruple the tax on cigars and other tobacco products in the state of Maine.
L.D. 1028 would increase the tax on cigars from 20 percent of the wholesale price to 81 percent of the wholesale price. Per halfwheel estimates, a cigar that has an MSRP of $9.50 likely retails for around $11.40 in the state of Maine before sales tax. If the bill passes, it would increase to $17.20.
If passed, Maine would have the second highest taxes on cigars.
The bill was introduced by Rep. Joyce McCreight, D-Harpswell, and is co-sponsored by a bipartisan group of nine other legislators.