MI HB4485

Removes the 50-cent per cigar cap on tobacco taxes that was set to begin November 1, 2012, allowing the 32% wholesale price tax on cigars to apply without limitation.

Maintains existing tax rates on cigarettes (37.5 mills per cigarette plus additional increments totaling 100 mills per cigarette) and other tobacco products (16-32% of wholesale price depending on product type and effective date).

Preserves compensation mechanisms for licensees filing monthly tax returns, including 1-1.5% of tax due on products sold and additional reimbursements for stamping agents implementing digital stamp technology.

Effective immediately upon Governor's approval on November 4, 2021.