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01-31-2010, 03:53 PM | #1 |
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Pipe Smoker's Beware!
A new bill has been introduced and is pending in Congress, H.R. 4439, that would amend federal law established by last year's S-CHIP expansion. The bill proposes raising the federal excise tax rate on Pipe Tobacco to be equal to the tax rate on roll-your-own Cigarette Tobacco.
The federal pipe tobacco tax is currently $2.8311 per pound, which represents a 158% increase from the pre-S-CHIP tax of $1.0969 per pound. The proposed bill would increase the tax on pipe tobacco to a whopping $24.78 per pound! |