For the third time in the last three years, Republican Nebraska State Senator Mike Gloor of Grand Island is seeking a tobacco tax increase that would raise the cigar tax 55%. The Bill, LB1013 would raise the tax on cigars and other tobacco products (OTP) from 20% of the wholesale cost to 31%. The change would raise a cigar that has a MSRP of $10.00 that currently costs $11.00 to $11.55. The money that is […]
