Wednesday, May 05, 2004
Virginia Changes Cigarette Tax...
...and this time, the Commonwealth RAISED the tax. The last time cigarette taxes were altered, in 1966, the per-pack levy was reduced from 3 cents to 2.5 cents, amid concern that that nasty Surgeon General's report and the subsequent mandatory warning labels might hurt cigarette sales. Now, the per-pack tax will rise, in two steps, to 30 cents by 2005. Philip Morris, which is based in Richmond, did not oppose the tax hike. Kentucky's tax remains at 3 cents per pack, and North Carolina levies a 5 cent per-pack charge. Will they follow Virginia's lead?