ST. PAUL, Minn. (AP) - Minnesota is weeks away from having the nation's 6th highest tax on cigarettes when the new $2.83-a-pack charge kicks in.
The Minnesota Department of Revenue on Thursday put a finer point on tax changes the Legislature approved in May. Increases in tobacco taxes were key parts of a new state budget.
The cigarette tax hike is effective July 1. Minnesota smokers pay $1.23 per pack now, which is beneath the national average. 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. Proceeds from that floor tax have been earmarked to retire debt on the new Minnesota Vikings stadium.
- Area couple awaits man's heart, liver transplant
- WIAA to offer concussion insurance for student athletes
- Sparta American Legion Family presents check to Freedom Honor Flight
- La Crosse man accused of posting nude photos of ex online
- Local program offers veterans extra healthcare
- Holmen continues expansion with office building groundbreaking
- West Salem Middle School raises awareness for importance of physical activity
- ‘Nursing Research on the Green' presents advances in nursing at Viterbo
- Facing deadline, most Wisconsin dairy farms find new buyer
- Minnesota power plant that burns turkey litter faces closure