Colorado Senate Nixes Cigar Tax Proposal

Colorado Senate Nixes Cigar Tax Proposal

Colorado Senators have struck down a measure that sought to ask voters to approve a tax increase on handmade cigars and other nicotine products.

The Senate rejected the proposed ballot initiative and therefore the issue will not appear on this November’s ballot.

The bill, which was introduced on April 24, looked to raise the state cigar tax from 40 percent to 62 percent of the manufacturer’s price. Additionally, the bill called for a tax hike on cigarettes, e-cigarettes and other nicotine products.

Colorado Gov. Jared Polis supported the piece of legislation, and in an official statement said that he was “disappointed by the decision to take this choice out of the hands of Colorado voters.”