Virginia Governor Calls for Tobacco Tax Increase

Virginia Gov. Ralph Northam unveiled his 2020-2022 budget proposal today, which included a doubling of the state’s tobacco tax rate from 10 percent to 20 percent of the wholesale price. In the case of a cigar with an MSRP of $9.50, that would mean an increase in price from $10.45 to $11.40 by halfwheel estimates, and before […] The post Virginia Governor Calls for Tobacco Tax Increase appeared first on halfwheel.