(Host) It’s about to get more expensive to buy cigarettes in Vermont.
Starting this Friday, July 1st, the tax on a pack of cigarettes sold in Vermont will increase 38 cents, to $2.62 a pack. The increased tax is expected to produce more than $4.5 in new revenue the first year.
The cigarette tax increase is part of a package of tax increases designed to bring in $24 million in increased revenue to state coffers.
Other tax increases include a so-called provider tax on hospitals, nursing homes and home-health agencies. There will also be a new tax on medical and dental insurance claims, expected to produce nearly $12 million over the coming year.