Colorado’s Cigar Tax Increases Again Today
A voter-approved proposition in November 2020 set a series of tobacco tax increases in motion, including today’s and one set for 2027. Today’s increase makes Colorado the fourth-most expensive state to purchase premium cigars.
Colorado Voters Reject Tobacco Tax Rate Drop, Refund
Voting against Proposition II would have decreased tobacco tax rates in Colorado by 11.53 percent and tobacco companies would have gotten $23.65 million in tax refunds. Instead, two-thirds of the voters approved Proposition II, meaning the money will be used to fund preschool programs.
Colorado Voters to Decide Whether to Reduce Tobacco Tax Rate, Refund Tobacco Companies
Colorado’s unique Taxpayer’s Bill of Rights will give citizens the chance to decide what to do with excess revenues generated from tobacco taxes.
Colorado’s Tobacco Tax Increase Begins Today
Colorado already had one of the highest cigar tax rates in the country, and today it has gotten even higher. Proposition EE, which was approved…
Colorado Voters Approve Tobacco Tax Increase
Tobacco products, including premium cigars, will be getting more expensive in Colorado as voters have approved Proposition EE, with 68.6 percent of voters in favor…
