federal excise tax on tobacco products Revenues are Declining Tobacco Taxes: Federal Revenue Implications

Tobacco Taxes: Federal Revenue Implications of Tax Rate Differences and Drawback Refunds U.S. GAO Report 2019 046 Complete Federal Excise Tax Exemption List (Updated 2026) In 2023, New York raised its cigarette excise tax by $1.00 to $5.35 per pack. New York City imposes its own tax of $1.50 per pack, and that's before you include federal Washington state will implement a 95% excise tax on all tobacco and nicotine products in 2026, creating significant financial challenges for local vape shops and expected price hikes for consumers.

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