Taxing “deadly” products is proving “deadly” for business owners

The recent legislation imposing a hike in taxes on tobacco products is proving deadly for local business owners.  Legislators have effectively instituted measures that are forcing people having to turn to buying their "deadly" products out of state and forcing local businesses to close their doors.   One such business is Utah's oldest smoke shop, … Continue reading Taxing “deadly” products is proving “deadly” for business owners

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Vice Taxing

Utah’s legislators are about to set the stage for placing a tax on tobacco products.  But what about considering increasing taxes on all “vices”? HB196 Tobacco Tax Revisions aims to increase the tax rates “on the sale, use, storage, or distribution of tobacco products in the state for the 2010-11 fiscal year and allowing the … Continue reading Vice Taxing