Categories
· Tax
USA, by State
· New Hampshire
· Vermont
|
Jump to full article: Valley News (West Lebanon, NH), 2008-06-29
Author: John P. Gregg Valley News Staff Writer
Intro: Smokers in Vermont and New Hampshire are bracing for another hit to the pocketbook this year as both states plan on raising taxes on tobacco.
But as the tax rates per pack go even higher -- and the number of smokers gradually declines -- tobacco may eventually burn out as a reliable revenue source for cash-strapped states.
In Vermont, the tobacco tax rate is slated to rise by 20 cents to $1.99 per pack on July 1, the second-part of a two-step increase in the tobacco tax to help pay for the Catamount Health program. State taxes went up 60 cents per pack in 2006 in Vermont when the Catamount Health program was first passed into law.
And Vermont also applies its 6 percent sales tax to tobacco, while New Hampshire has no sales tax.
Jump to full article » |