HB 1750 was introduced on January 12, 2011 to General Assembly to raise OTP from 10% wholesale to 27% wholesale. This includes premium cigars!
HB 1750 Cigarettes; increases tax rate.
Introduced by: Kenneth R. Plum
SUMMARY AS INTRODUCED:
Cigarette tax rate. Increases the cigarette tax rate from $0.30 per pack to $0.80 per pack and increases the cigarette excise tax rate on roll-your-own tobacco from 10 percent to 27 percent.
HB 1750 was defeated this afternoon for this year’s General Assembly session.