PROVIDENCE – Rhode Island is no longer the state with the highest cigarette taxes after N.Y. Gov. David Paterson signed into a law a $1.60 hike there, according to The Tax Foundation.
New York’s total cigarette tax of $4.35 per pack has bumped Rhode Island’s $3.46-a-pack levy to second-highest in the nation. Gov. Donald L. Carcieri and lawmakers raised the Ocean State’s tax by $1 last year, the fifth increase in the last decade.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
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Connecticut ranks third-highest at $3 a pack, having also raised its cigarette tax by $1 last year. Massachusetts’ is seventh-highest at $2.51.
Prior to the latest tax hike, New York ranked fourth-highest in the nation with a $2.75-per-pack tax.
Additional information is available at taxfoundation.org.
