Loading chat...
LA HB325
Bill
Status
6/11/2025
Primary Sponsor
Marcus Bryant
Click for details
AI Summary
-
Cigars invoiced at $120-$2,500 per thousand will be taxed at 20% of invoice price from January 1, 2026 through December 31, 2027
-
Cigars invoiced at $2,500 or more per thousand will be taxed at a flat rate of 50 cents per cigar from January 1, 2026 through December 31, 2027
-
Beginning January 1, 2028, all cigars invoiced at more than $120 per thousand return to the standard 20% of invoice price tax rate
-
Wholesale and retail dealers must file an inventory of all cigars on hand as of December 31, 2025 with the Department of Revenue by February 1, 2026
-
Estimated fiscal impact is a reduction of $10 million in General Fund revenue
Legislative Description
Provides for the rate of tax levied on certain cigars (EN -$10,000,000 GF RV See Note)
TAX/TOBACCO TAX
Last Action
Effective date: 01/01/2026.
6/11/2025