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Old 09-14-2013, 07:30 AM   #1
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Bring your own cigars/tobacco if you go to Massachussets

A new tax began in July 2013. A friend working there reports that a $3 cigar at a B&M before the tax is now $ 5.

The National Association of Tobacco Outlets (NATO) noted that, according to Massachusetts Department of Revenue staff, the department is mailing to each wholesaler and retailer the floor stocks tax return for cigarettes. The floor stocks tax only applies to cigarettes, not to other tobacco products. Also, retailers will need to mark up cigarettes as of July 31, 2013 at least an additional 25 cents per pack due to the $1 per pack tax increase because the state minimum cigarette price law requires a 25% minimum retail mark up. In addition, department of revenue staff clarified that the new 40% tobacco tax rate applies to cigars, roll-your-own tobacco and pipe tobacco while the new 210% tobacco tax rate applies to smokeless tobacco, including chewing tobacco and moist snuff. The new tax rates on these other tobacco products also go into effect on July 31, 2013.
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Old 09-14-2013, 08:16 AM   #2
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Looks like I'll be quitting Copenhagen. Again.



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