Limits "tobacco and vapor products tax" on cigars to up to $0.50 per cigar.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill limits the tobacco and vapor products tax on cigars to a maximum of $0.50 per cigar under the state’s Tobacco and Vapor Products Tax Act. Currently, the tax is 30% of the wholesale price. The bill aims to level the playing field for New Jersey retailers by capping the tax on cigars, potentially increasing state revenue. It also amends existing law to clarify tax payment responsibilities for wholesalers and distributors.
Bill text
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Document of record
- Version
- Introduced
- Published
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Sponsors
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2 on record
Primary sponsors
Anthony Bucco
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