MA H3074

Increases the state excise tax on cigarettes from 150½ mills to 200½ mills per cigarette (an increase of 50 mills per cigarette, equivalent to $1.00 more per pack of 20)

Raises the excise tax on cigars and smoking tobacco from 40% to 80% of the wholesale price

Requires tobacco licensees holding existing inventory 7 days after the effective date to file a sworn inventory return within 21 days and pay the additional 50 mills per cigarette on all cigarettes and unused tax stamps previously taxed at the lower rate

Amends Chapter 64C of the Massachusetts General Laws governing tobacco excise taxes