March 3, 2016 Charlie Minato Regulations,  Taxes

West Virginia Tobacco Tax Increase Defated

An attempt to raise the taxes on tobacco products in West Virginia was defeated today.

The House Finance Committee failed to advance SB 420, a bill that would have raised taxes on cigars from 7 to 12 percent of the wholesale price. In addition, the bill would have raised the taxes on cigarettes from 55 cents to $1.55 per pack.

The bill was proposed in order to help a close a $384 million budget deficit. While the bill has died for now, the International Premium Cigar & Pipe Retailers Association (IPCPR) has warned that it could come back after the state’s primary in May.

International Premium Cigar & Pipe Retailers Association SB 420 West Virginia West Virginia House Finance Committee
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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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