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· Business (Tobacco)
· Tax
· Business (General)
· costs/finances
USA, by State
· Michigan
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A 25 cent price jump on smokes will harm c-stores while generating little revenue, report says.
Jump to full article: Convenience Store Decisions, 2009-08-12
Author: CSD Staff
Intro: Michigan's cigarette tax of $2 a pack could grow by another 25 cents, and c-stores are fighting the proposal with a new study, the Detroit Free Press reported.
Gov. Jennifer Granholm has proposed the tax. But a recent study conducted by three economists shows the proposal would result in minimal revenue and more smuggling from other states with lower cigarette taxes.
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