Minn. Cigarette Taxes Rise On Monday

ST. PAUL, Minn. (AP) — Cigarettes will be much more costly in Minnesota after Sunday.

New tobacco taxes kick in Monday. That includes a $1.60 increase in the per-pack tax on cigarettes.

The extra charge brings the total tax to $2.83 per pack. It’s part of a state budget fix, but has also hailed by public health experts as a way to discourage smoking.

Minnesota will have the nation’s 6th highest tax on cigarettes. New York is tops at $4.35.

As part of the tax conversion, retailers must take inventory on packs already in stores. By mid-July they must report their counts to the state and pay a one-time floor stock tax by early September. Floor tax proceeds have been earmarked to pay debt on the new Minnesota Vikings stadium.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From WCCO | CBS Minnesota

Good Question

Listen Live