Proposed New York State Tax Hike on Cigars Excluded from Final Budget

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The only tax increase in Cuomo’s proposal to gain support among negotiators was reportedly a new tax on prescription opioids, reported Syracuse.com. This new tax would impose a 2-cent per milligram tax on the active opioid ingredients in prescription drugs and it would be paid for by drug manufacturers. This new tax alone is estimated to fund $200 million effort by New York state to battle the growing opioid drug epidemic through the new Opioid Prevention, Treatment and Recovery Fund.

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