SC tobacco wholesalers to get more to collect tax | AP News | Berkeley Independent

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SC tobacco wholesalers to get more to collect tax

Published Wednesday, June 30, 2010 8:18 AM

COLUMBIA, S.C. (AP) — Tobacco wholesalers will get more money to collect the higher cigarette taxes that take effect in South Carolina on July 1.

The State newspaper reported Wednesday that wholesalers will get an extra $4 million to collect and process the 50-cents-per pack increase in the cigarette tax.

The state Revenue Department gives wholesalers a 3.5 percent incentive to collect and report sales taxes by certain deadlines. The newspaper reported that wholesalers have been getting about $800,000 a year to collect the old 7-cents-per pack tax.

The Revenue Department says there are more than 500 cigarette wholesalers licensed in South Carolina. An agency spokeswoman didn't know how many collect the incentive.

The cigarette tax is expected to raise about $135 million a year, most of it to pay for health care programs.

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Cigeratte tax

Thursday, July 08, 2010 11:33 AM

Why don't we tax all politcans and law makers for every dumb decision they make and vote on. Then there would be no need for new taxes.

Posted by: mike

Smoking vs Fat

Wednesday, June 30, 2010 3:29 PM

Why not tax people who are over weight? There are more Health risk with being Fat and alot more of them!!Lets add tax on fast food and all you can eat buffets.Look around,Fat is our Real Health Problem!

Posted by: wendell mason

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