The bill proposes an increase in the excise tax rate on cigarettes in Wyoming. Specifically, it amends the current law to raise the tax from three cents ($0.03) to five and two-tenths cents ($0.052) per cigarette. This change applies to both the sale of cigarettes by wholesalers and the use or storage of cigarettes by consumers, provided that the initial tax has not been paid.

The effective date for this tax increase is set for July 1, 2023. This legislation aims to generate additional revenue from tobacco sales and potentially discourage cigarette consumption through higher taxation.

Statutes affected:
Introduced: 39-18-104