Reminder for Floor Stocks Tax Payment
We wanted to send a quick reminder to everyone selling cigarettes or vaping products that the floor stocks tax payment is due tomorrow, October 1st. You’ll remember on June 30th the Legislature increased the tax on cigarettes by 30¢ a pack, and increased the tax on liquid nicotine by 20¢ per milliliter, effective August 1st. All retailers had to take an inventory of the products they had in stock on that date, so that they could pay the additional amount in tax on those products, which have hopefully be sold through by now.
You can get more, including the forms, from the State website HERE, and reach out Nick@njgca.org or 732-256-9646 with any questions.
