March 5, 2019 Charlie Minato Taxes

Maryland Bill Would Remove Premium Cigar Tax

A bill in Maryland could remove the tax on premium cigars in the state of Maryland.

Currently, the tax on premium cigars is 15 percent in the state of Maryland. S.B. 826 would remove the tax on premium cigars, though leave in place the 70 percent tax on non-premium cigars. Per halfwheel estimates, a cigar with an MSRP of $9.50 likely retails for around $10.93 before sales tax in the state of Maryland.

Sen. Andrew Serafini, R-Williamsport, has introduced the bill. A hearing is scheduled for Friday.

Andrew Serafini Maryland S.B. 826 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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