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Albany to Raise Taxes on Cigarettes

June 21st, 2010 Posted in Tobacco prices Tags:

Taxes on CigarettesGov. David Paterson announced over the weekend that he plans to raise cigarette tax statewide. The proposal will be included in his next budget-extending legislation.

The new tax is slated to place $1.60 tax on the cost of a pack of cigarettes, raising it from $2.75 to $4.35—higher than the previous proposal to add $1 per pack. The taxes are projected to raise $290 million in extra revenue to help close a budget gap of $9.2 billion, reported Business Week.
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California Lowers Tobacco Tax

June 3rd, 2010 Posted in Tobacco prices Tags:

Lowers Tobacco TaxA rare bit of good news for cigar smokers—taxes in California are going down.

The California Board of Equalization will lower the state’s surtax on Other Tobacco Products, which includes premium cigars, on July 1. California is one of the largest cigar markets in the country.

Each year, the BOE reviews the state’s sales tax structure to ensure it is fair and uniform, then adjusts accordingly.
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Tobacco tax draws support for Rudd

May 11th, 2010 Posted in Tobacco prices Tags:

IN A welcome piece of news for the government, voters have overwhelmingly approved the decision to increase the tobacco excise by 25 per cent.
Although the vast majority of smokers oppose the impost, which will raise about $5.6 billion over the next four years, fortunately for the government, smokers are in the minority. Read more

Govt set to hike price of tobacco

April 28th, 2010 Posted in Tobacco prices Tags:

Smokers will be paying more for tobacco from tomorrow, and the price is going to keep on rising.
The government brought legislation to parliament to raise the excise duty on tobacco, meaning cigarettes are set to become even more expensive. Read more

Tobacco tax criticized

March 11th, 2010 Posted in Tobacco prices Tags:

Convenience stores and tobacco shops bristled Wednesday at attempts to balance the state’s budget on their backs.
Proposals to increase taxes on cigarettes, tobacco and alcohol would hit convenience stores hard, said Thomas Palace, executive director of the Petroleum Marketers and Convenience Store Association of Kansas. As the Senate Taxation Committee considered hikes to the state’s cigarette and tobacco taxes Wednesday, he joked that he considered wearing a big bull’s-eye to the Capitol. Read more