Wednesday, April 20, 2011

Cigarettes Tax Affects Vermont

vermo9nt cigarettes tax
New Hampshire's House has voted to reduce the state's cigarette tax a dime in hopes of attracting more cross-border cigarettes sales.

The House voted 236-93 Thursday to cut the cigarette tax from $1.78 per pack to $1.68 over opponents' objections that the state could not stand to lose the $16 million in revenue toward spending in next year's budget.

Supporters argued reducing the cigarette tax will make New Hampshire more competitive with Vermont, Maine and Massachusetts.

Opponents said even if the state experiences higher cigarettes for sale as a result, it will still lose millions of dollars in revenue.

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