Cigar Tax Cap Bill Signed Into Law
Editors Note: Here’s an interesting piece of legal news hot off the presses. Thankfully for all of us that enjoy cigars, Arkansas becomes yet another state to put limitations on their cigar tax laws in an attempt to slow the persecution of cigar enthusiasts. There’s not a ton of new information quite yet, but here’s the latest release concerning House Bill 1531.
Arkansas: State Legislative Update #7 – March 26, 2013 – We are excited to inform you that Gov. Mike Beebe signed House Bill 1531 into law this morning; Act 551 of 2013, capping the excise tax on cigars at 50 cents per cigar, takes effect October 1st.
Arkansas becomes the ninth state to cap its ad valorem tax rate on cigars, joining Connecticut, Iowa, Michigan, New Hampshire, Oregon, Rhode Island, Washington, and Wisconsin.
Again, thank you to the Arkansas IPCPR retailers for their support in working with the IPCPR and the Cigar Association of America (CAA) on this vital legislation.