New York State may soon add a 75 percent tax on nicotine, sending prices soaring.
New York State heavily taxes cigarettes, imposing the highest cigarette excise tax in the nation at $5.35 per pack. In addition to this state tax, a prepaid sales tax is applied, and New York City imposes an additional $1.50 per pack, bringing the combined tax to $6.85, often resulting in prices over $14 per pack.
Hochul Proposes Big New Tax on Nicotine Pouches in New York
This year, Gov. Hochul has proposed expanding the state’s existing 75 percent wholesale tax on tobacco products to include nicotine pouches, like ZYN, and other alternative nicotine products.
Hochul’s office says that nicotine pouches are a “public health concern”…