CIGARETTE TAX INCREASE PASSES SENATE
HEADED TO GOVERNOR BENTLEY FOR HIS SIGNATURE
A little past 7:00 pm yesterday, after hours of debate, the Alabama Senate voted 21-13 to approve a 25 cent per pack increase in the cigarette tax beginning October 1, 2015. Amendments to add smokeless tobacco and cigars to the increase were tabled as was an amendment to include vapor products.
Obviously the Department of Revenue will need to begin working immediately to issue guidelines on any floor stocks taxes or other regulations associated with this change. P&CMA will provide you with information as soon as it becomes available.