cigarette tax

June 23, 2008 - 7:33pm
PRESS RELEASE

Vitale Bill To Prevent Against Counterfeit Tobacco Tax Stamps Approved In Senate

VITALE BILL TO PREVENT AGAINST COUNTERFEIT TOBACCO TAX STAMPS APPROVED IN SENATE

TRENTON – A measure sponsored by Senator Joseph F. Vitale which would direct the Division of Treasury to look at a more secure cigarette tax stamp to prevent counterfeiting was approved today by the Senate by a vote of 38-0, receiving final legislative approval.

“As we’ve seen in this year’s budget deliberations, every penny of existing tax revenue is important to meeting the obligations of the State of New Jersey,” said Senator Vitale, D-Middlesex, and the Chair of the Senate Health, Human Services and Senior Citizens Committee. “However, every year, we lose millions of dollars in uncollected taxes due to counterfeit tobacco tax stamps. We need to do a better job in securing cigarette tax stamps, and ensuring that it’s harder for forgeries to get into the retail stream.”

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August 6, 2007 - 11:20am

Say No to Tobacco Tax

Some U.S. Senators want to pass a huge cigarette tax hike to finance expansion of a government-run socialized health insurance program.  The bill would increase the federal cigarette tax from .39 to $1.00 per pack and the cigar tax from 4.8 cents to an astounding 53% up to $10.00 per cigar.

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