FAIRBANKS, Alaska - A proposed tobacco tax adjustment will head to the Fairbanks North Star Borough assembly chambers Thursday evening for its introduction.
That percentage is levied on the person or business entity bringing a qualifying product into the borough, not the consumer, though part of the increased costs could get passed down to those purchasing the products from shops in the borough. Anchorage taxes such products at 55% of their wholesale prices.
The FNSB measure also says the World Health Organization has shown increasing tobacco taxes decreases usage, tacking a possible public health benefit onto the legislative action.states, on average, when prices for tobacco products go up by 10%, consumption falls 4% in high-income countries, such as the United States.
The ordinance would exempt products the U.S. Food and Drug Administration has approved for tobacco use cessation or harm reduction from the tax, but McDonald mentioned ongoing federalrequiring the FDA to reassess certain vape-related products could transfer additional items into that classification.
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