Cig Tax
I can’t adequately describe the cig. tax in 140 characters so I’ll do a quick blog about it.
Basically everyone who has inventory of cigarettes from before April 1st has to pay a floor tax on that inventory. That’s retailers, distributors and suppliers. Typically there would be more than 90 days warning about a tax increase particularly for such an increase. So in an effort to ease the pain for all those affected by the floor tax the Mfg’s increased their prices the first week in March. So basically on April 1st (today) their price would go back down the same amount as the tax would increase. Meaning you shouldn’t see an increase as of today.
Now that’s what I have been told by all my sales reps, and God knows I’ve been lied to before by a sales rep, but that is how it was explained to me.
