Relates to excise taxes on premium cigars

Summary

The bill imposes a new tax on premium cigars—75% of the wholesale price or 50 cents, whichever is less—charged once at the point of sale. It also limits who is considered a “distributor” for premium cigar imports unless the importer exceeds $100,000 in sales or 200 transactions in a year. The changes clarify tax liability for larger premium cigar sellers while updating cigar definitions.

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