Law | Minnesota Rep. Proposes Premium Cigar Tax Cut
A proposal by Republican Representative Jim Nash in the state of Minnesota would significantly reduce taxes on premium cigars.
The state held a hearing yesterday not he proposal, which will continue into today. Currently the tax in Minnesota on premium cigars is 95 percent of the wholesale cost, up to a total of $3.50.
Meanwhile, across the state line in Wisconsin the tobacco tax is 50 cents. The proposed tax cut would move Minnesota premium cigar taxes to the same level as Wisconsin.
No timetable was given on when a vote would take place.
Minnesota is home to 5.4 million residents over 86,939 square miles and became a state in 1858.