Wednesday, April 23, 2014
Ecuador's Hot Wrapper
Tuesday, April 22, 2014
Orlando Retailer Grows Tobacco in Florida
Tuesday, April 15, 2014
CAO Flathead Adds New Size
Monday, April 14, 2014
Room 101 Announces Daruma Gold
Wednesday, April 9, 2014
Room 101 Store Opens Inside Davidoff Flagship
- 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.