It is done. The “Other Tobacco Products” tax, which includes cigars, has been raised from 46 percent in New York to 75 percent. The measure takes effect August 1, 2010 in one of the largest premium cigar markets in the country. Yet, we shouldn’t consider this final. We can work to have this pressure alleviated, [...]
Continue reading about Four Misconceptions about the New York Cigar Tax
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 [...]
It isn’t much of a victory, but at least it’s a step in the right direction. As the State of New York feels its way to a budget, the proposed tax on “Other Tobacco Products” (i.e., products other than cigarettes) has been lowered to 75 percent of wholesale. Originally, it was put forward at the [...]
Continue reading about UPDATE: Proposed NY Cigar Tax Down to 75%
Scott Bendett, owner of Habana Premium Cigar Shoppe in Colonie, New York, asked a simple question: “What’s going to be next?” He was speaking of the proposed tax increase on cigars, which would take them up to 90 percent. The measure is part of Governor Paterson’s plan to close New York’s $9 billion budget gap. [...]
Continue reading about New York Tobacconists Rally against Proposed Cigar Tax
Uptown Cigar Company, of Kingston, New York, is leaving town. After 14 years in its present location, owner Michelle Tuchman has decided to move the company down to Florida. The New York location will close on June 30, 2010, and the operation will begin in Florida on July 1, 2010. According to a statement from [...]
Continue reading about EXCLUSIVE: Proposed NY Cigar Tax Claims First Victim
