PACT Act May Reduce Tax Hike Pressures


Posted by Sandra Fabry on Thursday, February 4th, 2010, 5:03 PM PERMALINK

As states around the country are facing fiscal problems, a bill in Congress stands a chance to help alleviate pressures to raise revenues through damaging tax increases at the state level.

The PACT Act, which would make revisions to the Jenkins Act governing the collection of taxes on, and trafficking in, cigarettes and smokeless tobacco, may reduce tax hike pressures by recovering additional revenue as a result of increased compliance with the law, and consequently represents a prudent way to address the issue of illicit tobacco sales.

Click here to view ATR's letter to the Senate.

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