SACRAMENTO, Calif., Feb. 2 (LID) – A campaign begun Thursday to raise California’s excise tax on tobacco to help bankroll research on lung cancer and other tobacco-related diseases and fund smoking prevention programs.
Proposition 29 seeks to raise the cigarette tax by $1 a pack, to $1.87, with equivalent increase on other tobacco products. In addition, dealers would face a distribution tax on inventories of cigarettes, at the rate of fifty mills ($0.050) for each cigarette, which is about $2 per pack.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Published In:
Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Law & Industry Daily, Law & Industry Daily | Attorney Advertising