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Home News California: Revenue Department Approves OTP Tax Rate Reduction

California: Revenue Department Approves OTP Tax Rate Reduction

Tuesday, June 01 2010

BOE Approves OTP Excise Tax Rate RevisionIPCPR logo

June 1, 2010 - As mandated by prior-approved state proposition, the state's Board of Equalization (revenue department) annually reviews the state's other tobacco products (OTP) excise tax rate. As the OTP excise tax rate is directly linked to the state's average cigarette wholesale price and cigarette tax, the OTP excise tax rate is annually reviewed and subject to revision.

Following the BOE's review of the cigarette wholesale price and cigarette tax, the OTP excise tax rate has been adjusted downward from the current rate of 41.11% to the new rate of 33.02%.

This new rate will be effective July 1, 2010.

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