Colorado Senate backs sales tax for cigarettes
DENVER, Colorado ” Smokers in Colorado could have to pay more because of the state’s budget problems.
The Colorado Senate passed a measure on Monday that would charge state sales tax on cigarettes for the next two years. The tax is 2.9 percent, which would mean an extra 15 cents on a $5 pack of cigarettes.
The move comes a month after the federal government raised its excise tax on cigarettes. State and federal excise taxes now total $1.85 a pack, taxes which are factored into the price of cigarettes.
Tacking on sales tax would raise about $30 million for the state.
The bill must now go back to the House for consideration of amendments. It’s expected to pass because the new state budget wouldn’t be balanced without that money.