Last week, a bill was introduced in Wyoming that would have tripled the cigar tax; this week, the bill failed.
H.B. 218 would have increased the tax on cigarettes by $1 per pack. It also would have increased the tax on cigars from the current 20 percent of the wholesale price to 53 1/3 percent of the wholesale price. Per halfwheel estimates, that would have increased the price a cigar with an MSRP of $9.50 from the current $11.40 to $14.57.
The bill failed 4-5 in the House of Representatives Revenue Committee.
Proponents of the bill were hoping to raise $22.7 million in additional revenue.