Kentucky Tobacco Tax Increase Proposal Clears House Committee

The Kentucky House Budget Committee has passed a bill that would nearly double the state’s taxes on cigars. H.B. 32 would increase the tax on other tobacco products, including cigars, from 15 percent to 27.5 percent of the wholesale price. A cigar with an MSRP of $9.50 likely costs about $10.93 in Kentucky before sales […] The post Kentucky Tobacco Tax Increase Proposal Clears House Committee appeared first on halfwheel.