Retailers of premium cigars in Michigan will continue to have a more level playing field with online and out-of-state vendors under legislation signed Tuesday by Gov. Rick Snyder.
"This bill helps ensure Michiganders are buying products from Michigan businesses, ultimately helping to support our continued economic and job growth," Snyder said.
Senate Bill 476, sponsored by state Sen. Wayne Schmidt, caps the allowable tax for premium cigars to fifty cents at the time of their individual sale, extending a previously established tax limit which was set to expire on Oct. 31, 2016 through the year 2021. The bill prevents the existing wholesale tax of 32 percent for premium cigars from being applied, encouraging more in-state sales for retailers and lower prices for consumers.
The bill is now Public Act 86 of 2016.
For additional information on this and other legislation, visit www.legislature.mi.gov.
Published: Thu, Apr 21, 2016
