XT 2001-07 - Minimum Prices and Stamping Allowance Increase for All Cigarette Wholesalers - December 13, 2001
Amended Substitute House Bill 405 increases the wholesale cigarette minimum markup from 2 percent to 2.5 percent effective December 13, 2001.
The new minimum prices apply to sales on or after December 13, 2001. Minimum prices can be obtained by visiting our Web site at http://tax.ohio.gov/. Click on "Business." Go to "Taxes and Fees" and click on "Cigarettes." From the Table of Contents click on "Minimum Prices." You will now be able to view the enclosed list of the most frequently needed minimum prices. You can also view and download two Excel spreadsheets (state minimum prices and county minimum prices) where you can look up minimum prices based on other manufacturer's costs. There were no other changes to the minimum price statute. It is still illegal to sell cigarettes below state minimums.
The cigarette stamping allowance was also reduced from 3.6 percent to 1.8 percent of the value of the stamps or meter impressions. The 1.8 percent allowance will apply to all orders received by the Treasurer of State after December 13, 2001.
Please feel free to contact the Fuel Use and Excise Tax Unit for additional information at (855) 466-3921.