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 new bill was introduced with bipartisan support. Currently, Nevada’s tax rate is 30 percent of the wholesale price.
Beginning July 1, consumers should expect reduced prices for cigars they purchase in Montana.
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.