Bill > H3314

This bill amends the cigarette excise tax in Massachusetts. Key provisions include: 1. Increasing the cigarette excise tax by 50 mills (0.05 cents) per cigarette, to a total of 200.5 mills (20.05 cents) per cigarette, with the possibility of the total tax being less if the federal excise tax on cigarettes is less than 8 mills (0.8 cents) per cigarette. 2. Imposing a 214% excise tax on the wholesale price of smokeless tobacco products. 3. Imposing an 80% excise tax on the wholesale price of cigars and smoking tobacco. 4. Requiring manufacturers, wholesalers, retailers, and others with existing cigarette inventory or unused stamps to pay an additional 50 mills (5 cents) per cigarette on these items within 21 days of the bill's effective date. The bill is aimed at increasing revenue from tobacco taxation in Massachusetts.

Budget and Finance

https://malegislature.gov/Bills/190/H3314