Federal tax to raise cigarette prices by 10 cents a pack.

From: Automatic Merchandiser | Date: January 1, 2000 | Copyright information

THE FEDERAL EXCISE TAX ON CIGARETTES WILL RAISE cigarette pack prices by 10 cents, effective Jan. 1, 2000, according to a recent release from the National Automatic Merchandising Association. As a result, a floor stocks tax will also be imposed on all federally-taxable cigarettes held for sale on that date. Companies that sell cigarettes must document, either by record or physical inventory, all taxes paid on cigarettes held for sale on Jan. 1, 2000. NAMA reported that vendors mi...

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