30 Jun Repeal of Cigar Tax Cap Removed from SB 925
Thank you to all IPCPR members who contacted the Oregon House of Representatives and House Committee on Revenue in opposition to Senate Bill 925-A4. Originally this legislation would have eliminated Oregon’s $.50 cigar tax cap, causing all cigars to be taxed at 65 percent of the wholesale price. Today we were notified that Senate Bill 925 was sent back to the House Committee on Revenue to be reworked due to extensive outreach from retailers and their customers across the state. The fallback tax plan is still under negotiation. Currently the plan does not include any changes to the cigar tax or a repeal of the tax cap, but it has not been finalized. Please stay tuned for further updates on the status of this bill.