At present, the governor has proposed an increase from the current 10% OTP tax (OTP is other tobacco products which includes cigars) to a 29% OTP tax.....that is a threefold increase.....brutal. The budget has not been approved but we are…"
"I believe our governor is wanting to pass a tax on cigarettes that would equate to roughly another dollar on top of the price already out there. I hope they are intending on leaving cigars alone, however, I would not be suprised if I learned cigars…"
I heard a few weeks ago the tale end of a story on T.V. concerning a proposed 135% tax increase for tobacco products proposed by the gov. or NC. I have not heard anything else since. Did it pass or will it pass and what will that mean in per cigar cost increase? I have been out of town for about a month and am not up to date as to what happen. Any news would be greatly appreciated. Frank