N.H. Cigarette Tax Hike Kicks In October 2, 2008
News Summary
A shortfall in tax revenue from cigarette sales in New Hampshire has triggered an automatic 25-cent-per-pack tax increase, the Associated Press reported Oct. 1.
Legislators had designated a $50 million threshold for tax revenues in the third quarter as the factor that would determine whether or not the increase would take effect. With only $47.6 million accounted for just hours before the Oct. 1 midnight deadline, the tax on a pack of cigarettes automatically rose to $1.33.
However, New Hampshire's cigarette tax remains far lower than that in neighboring Massachusetts, so New Hampshire retailers may not be adversely affected by the increase.
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