Ohio Cigar Tax Cap Increasing 2 Cents
Taxes on premium cigars in Ohio are increasing by a couple of pennies.
Last year, Ohio introduced a new tax structure on cigars, increasing the base tax rate from 17 to 22.5 percent, however, a cap of 50 cents was introduced for premium cigars. That meant the price of most premium cigars actually decreased.
Effective July 1, that tax cap will increase to 52 cents.
The law defines “premium cigars” as those which weigh more than 6 pounds per 1,000.
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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