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S.F. No. 849 - Premium cigar tax reduction (as proposed to be amended by the A-1 amendment)
 
Author: Senator Warren Limmer
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 7, 2017



 

Under current law, the tax on premium cigars is the lesser of 95 percent of the wholesale sales price, or $3.50. This bill reduces the maximum rate of $3.50 to $0.50. As proposed to be amended, the bill retains the definition of “premium cigar” as in current law. Effective beginning July 1, 2017.

 
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