New Jersey S2569 limits the tax on cigars to a maximum of $0.50 per cigar.

New Jersey S2569 limits the tax on cigars under the Tobacco and Vapor Products Tax Act to a maximum of 50 cents per cigar. The bill maintains the current 30 percent tax on the wholesale price but caps the tax at 50 cents per cigar. It also clarifies the tax payment responsibilities of tobacco product wholesalers and distributors. The cap aims to level the playing field for New Jersey retailers, potentially increasing state revenues collected under the tax.

New Jersey S2569 limits the tax on cigars to a maximum of $0.50 per cigar.

New Jersey S2569 limits the tax on cigars under the Tobacco and Vapor Products Tax Act to a maximum of 50 cents per cigar. The bill maintains the current 30 percent tax on the wholesale price but caps the tax at 50 cents per cigar. It also clarifies the tax payment responsibilities of tobacco product wholesalers and distributors. The cap aims to level the playing field for New Jersey retailers, potentially increasing state revenues collected under the tax.