The state of Maine has seen House Bill LD 1028 introduced that seeks to raise the tobacco tax on cigars 305%. In the state of Maine cigars are currently taxed at a rate of 20% of the wholesale price, the new proposal would change that to 81%. Under the new bill a cigar with an MSRP of $10.00 which currently retails in Maine at $12.00 would climb to an insane $18.10.
The bill is sponsored by Rep. Joyce McCreight (D), Sen. Benjamin Chipman (D), Sen. Scott Cyrway (R), Rep. Nicole Grohoski (D), Rep. Dennis Keschl R), Sen. Marianne Moore (R), Sen. Kimberley Rosen (R), Sen. Linda Sanborn (D), Rep. Maureen Terry (D) and Rep. Ryan Tipping-Spitz (D).
The Bill was referred to the Committee on Taxation.
LD1028 by on Scribd
