A $1 Tax Cap on Cigars? Oh Wait, We’re in New York
New York tobacconists have had a rough past couple of years, and it’s not getting any easier. After finalizing and passing the long awaited state budget, New York legislators killed a bill that would’ve capped the tax on cigars at $1 per stick, according to a post on Cigar Aficionado’s website.
Lobbying in support of the tax cap was Cigar Rights of America, the International Premium Cigars and Pipe Retailers, and the Cigar Association of America, along with the state-level retailer association, but the New York State Assembly turned a deaf ear to their concerns and shot down the bill.
While it was originally intended to boost revenue for the state, last year’s tax increase, which boosted tobacco tax from 46 to 75 percent, left New York shop owners reeling. Hell, the tax increase is the entire reason we can no longer ship within New York State. Let’s just hope this isn’t the last we’ve seen of the tax cap.