Showing results for

Taxes

California’s Cigar Tax to Decrease on July 1

The tax rate on premium cigars will decrease about 5 percentage points this summer.

Montana’s 35 Cent Premium Cigar Tax Cap Heading to Governor (Update)

Currently, Montana’s tax rate for cigars is one of the 10 highest in the nation. If S.B. 122 is signed into law, the bill would make the state’s tax rate one of the lowest in the country.

Idaho Governor Signs 50 Cents Tax Cap for Cigars

Beginning July 1, 2023, the taxes on most cigars offered in humidors in Idaho will go down. Notably, this tax cap will apply to all cigars.

New Hampshire Premium Cigar Tax Bill Dies

Premium cigars will continue to be untaxed in New Hampshire.

New Mexico Cigar Tax Cap Removed, Taxes Going Up

New Mexico’s 50-cent tax cap for cigars will be going away this July.

New York Legislature Rejects Governor’s Call for Flavored Tobacco Sales Ban

Gov. Kathy Hochul’s plan to increase the taxes on cigarettes from $4.35 to $5.35 per pack remains in the bill. Hochul’s budget did not call for any changes to the tax rate for cigars.

Wyoming Cigar Shops Lose Fight for Lower Taxes

Instead of getting a tax cap or lower tax rate for premium cigars, the Legislature made just one change to how cigars are taxed in Wyoming. Retailers can now wait to pay the taxes until after the products are sold.

New Hampshire Bill Seeks to Add Taxes for Premium Cigars

A bill introduced this week would take the state’s tax rate on premium cigars from zero to 65.03 percent of the wholesale price. This would take New Hampshire from the cheapest place to buy cigars in the U.S. to the fourth-most expensive.

Hong Kong Increases Tobacco Taxes by 31 Percent

Now the question is whether this will mean the prices of Cuban cigars will increase around the world due to Habanos S.A.’s “global pricing standard” that was introduced in 2022. Last year, the Cuban cigar monopoly said it wanted to create uniform pricing around the world, with the price of a cigar in Hong Kong designated as the standard price.

Bill Would Introduce 50 Cent Cigar Tax Cap in Idaho

If passed, the tax would benefit any cigar with an MSRP of more than $2.85.