summary
Introduced
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Effective July 1, 2026, the bill defines "premium cigar" and reduces the statutory excise taxation rate on premium cigars to 20% of the manufacturer's list price (MLP) from the current rates for all non-cigarette tobacco products other than moist snuff of 36% of the MLP from July 1, 2024, through June 30, 2027, and 42% of the MLP on and after July 1, 2027, effectively rolling back the increases in the statutory taxation rate for such tobacco products since 2005. The bill does not affect taxation of premium cigars under the state constitution, which imposes an additional 20% tax.
AI Summary
This bill, effective July 1, 2026, defines a "premium cigar" as one rolled by hand, with a wrapper made of whole tobacco leaves, and without a filter or mouthpiece. It then reduces the excise tax rate on these premium cigars to 20% of the manufacturer's list price (MLP), which is the price the manufacturer suggests to retailers. This change effectively rolls back the tax rate on premium cigars from the current rates that apply to other non-cigarette tobacco products, which are set to be 36% of the MLP from July 1, 2024, through June 30, 2027, and 42% of the MLP thereafter. It's important to note that this bill does not alter the additional 20% tax on premium cigars already imposed by the state constitution.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Finance Committee Hearing (14:00:00 3/3/2026 SCR 357) (on 03/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leg.colorado.gov/bills/SB26-086 |
| Fiscal Note FN1 | https://leg.colorado.gov/bill_files/112472/download |
| BillText | https://leg.colorado.gov/bill_files/111702/download |
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