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.

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Charlie Minato

I am an editor and co-founder of 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.