Monday, October 27, 2014
New Señorial Commemorates Big Birthday
Friday, October 24, 2014
Birthday Bourbon Makes Do With Perfection
Thursday, October 23, 2014
CLE to Distribute Patoro Serie P U.S.A. Edition
Tuesday, October 21, 2014
Davidoff Year of the Sheep Coming to Las Vegas
Monday, October 20, 2014
Swisher International Acquiring Drew Estate
- More from News & Features
California Lowers Tobacco Tax
Posted: June 2, 2010
A 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 determines the tobacco products tax rate with a formula that is based on the wholesale premium cigarette price, as it is published by the Tobacco Merchants Association.
This year, the rate will be lowered from 41.11 percent to 33.02 percent.
Surtaxes are paid by distributors, and part of the revenues go to tobacco-health education programs, but the reduction could mean consumers pay a lower price for premium smokes.
You must be logged in to post a comment.