Mentions of “Revenue” — 6 found
… heir wholesale cost. 3.The Delaware Economic and Financial Advisory Council approved Fiscal Year 2020 cigarette tax revenue of $131.1 million at its March 2019 meeting, which includes premium cigar revenue under Other Tobacco Products (OTP). …
… oved Fiscal Year 2020 cigarette tax revenue of $131.1 million at its March 2019 meeting, which includes premium cigar revenue under Other Tobacco Products (OTP). Specific data on premium cigar sales is not currently captured. 4.The Departmen …
… The Department of Finance used state and national data on premium cigar sales to estimate roughly $1.3 million of OTP revenue tied directly to premium cigar sales. The average national wholesale price from premium cigars is estimated at roughl …
… 5.A reduction in the premium cigar tax rate from 30%, which currently generates a projected $1.3 million in OTP tax revenue, to 15%, yields an estimated fiscal year 2020 revenue loss between $432,000 and $650,000. 6.Assumes 4.0% annual gro …
… , which currently generates a projected $1.3 million in OTP tax revenue, to 15%, yields an estimated fiscal year 2020 revenue loss between $432,000 and $650,000. 6.Assumes 4.0% annual growth in premium cigar sales in Fiscal Years 2021 and 20 …
… uced or without premium cigar taxes, increases price sensitivity for cigar retailers in the State. Estimated Revenue Loss: Fiscal Year 2020: $432,000 - $650,000 Fiscal Year 2021: $450,000 - $676,000 Fiscal Year 2022: $468,000 - $703, …