Cigars will not be taxed in New Hampshire
A legislation in New Hampshire to eliminate the permission for premium cigars from the state’s tobacco tax regulation has successfully been conquered on February 16, as the legislature considered it “inexpedient to legislate” by a vote of 252-73.
Had H.B. 333 approved, cigars would have been exposed to a tax rate of 65.03% of the bulk price, which means that a cigar with an MSRP of $9.50 would have leaped to around $15.68 at the register before product sales taxes were included.
The legislation had been introduced to the House Ways and Means Committee, but with the vote is regarded dead for the legislative session.