Taxes

The change isn’t drastic, saving customers a quarter or two per cigar. But it does move California down the list of states with the highest tobacco tax.

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.

Despite increases for nearly every other tobacco and nicotine product, according to multiple reports, the tax rates for cigars will not be increasing as part of the state’s new budget.

The bill failed to advance out a committee by a 4-3 vote, meaning Colorado cigar smokers will continue to pay some of the highest tax rates in the country.

The proposed language would introduce a tax cap of 30 cents per cigar, reducing the price of any cigar with an MSRP of at least $3.10.

In 2024, the tax rate will more than double in Alaska’s second-largest city.

The bill would more than triple the federal taxes on premium cigars. Copy. Paste.

The bill includes Sen. Dick Durbin’s Tobacco Tax Equity Language that would dramatically increase the federal taxes paid on cigars. The weight-based tax would more than triple the federal taxes paid for a robustos and could amount to a nearly 500 percent increase on the federal taxes for a 6 x 60.

Hong Kong’s Health Bureau is surveying residents on potential new tobacco regulations encompassing everything from increased tobacco taxes to nicotine limits to a generational tobacco ban.

Cigars sold in the Silver State will get cheaper as of July 1.

The bill now heads to the desk of Gov. Joe Lombardo.