A New York state senate committee has pass a bill which, if passed, would cap the state cigar tax on a single cigar at one dollar or 75 percent of the wholesale price, whichever is the lesser amount.
The bill is aimed at a sort of compromise with tobacconists in the state, on one hand promising the state a dependable revenue stream, while, on the other hand, protecting tobacconists so they can remain in business and in competition with other shops in surrounding states. Pennsylvania, a neighbor of New York, does not have a cigar tax at all.
Cigar enthusiasts everywhere should ardently hope this measure passes. As one lawmaker put it, “this is not about smoking or tobacco. This is about [avoiding] another empty building on Main Street.”