It’s as disappointing as it is unsurprising. In New York, the tax paid on wholesale was upped from 46 percent to 75 percent. The increase will take effect on August 1, 2010. While this is an improvement from the 90 percent tax rate originally proposed, it is still far too high, especially in the wake of last year’s SCHIP and New York’s increase from 37 percent to 46 percent.
Just remember: it’s not over.
Keep contacting your representatives in Albany – it’s an election year. If we can influence the outcomes of the November contests, maybe we can bring some sanity back to cigar taxation. It will take time and effort, but as long as there’s room for us to fight, we should continue to engage.