make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Cigarette sales drop, but more revenue from higher tax in N.C.

READ MORE:

RALEIGH (AP) -- Retailers in North Carolina aren't selling as many cigarettes as they used to since the state raised taxes on smokes.

But the state also says revenue from the higher tax grew by $157 million.

Data from the state Division of Public Health and the Department of Revenue shows cigarette sales dropped by 18 and a half percent as tax revenue increased in the first full year since the tax went up in September 2005.

North Carolina's tax on cigarettes went from a nickel to 30 cents on September first, 2005. It went up an additional five cents last July.

The full-year data released today amplifies figures the state released last fall. In November, officials noted sales were down 18 percent while cigarette tax revenues were up by more than $110 million.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

Reply

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.