For Iowa, Less Smoking Means Less Cigarette Tax Revenue

Law360, New York (November 12, 2013, 3:42 PM EST) -- A raised federal excise tax plus a statewide ban on public smoking have led to decreased tax revenue from cigarettes in Iowa, according to a report released by the state in November.

The Hawkeye State had passed a series of tax hikes in 2007 that led to record-setting revenue from cigarettes, raising the cigarette tax rate by 277 percent to $1.36 per pack and raising the tobacco and cigar tax rates from 22 percent to 50 percent of wholesale cost, Iowa's Legislative Services Agency report said....
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